Rachel Praia opened a business. Record the transactions for the first month of operations.

A. Ms. Praia invested $40,000 cash in the business.
B. Purchased a car for $32,000. Paid $10,000, balance due in 30 days.
C. Purchased a computer on account, $7,000.
D. Purchased a second computer and paid cash, $12,000.
E. Made $10,000 payment on amount due on car.