Accounting Professionals Inc. experienced the following events in 2014, its first year of operation:1. Performed services for $20,000 cash. 2. Purchased $4,000 of supplies on account. 3. A physical count on December 31, 2014, found that there was $1,000 of supplies on hand. RequiredBased on this information alonea. Record the events under an accounting equation. (Enter any decreases to account balances with aminus sign.
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