Record the effect of the following transactions on the accounting equation using a
table
a. Owen inherited $20,000 and invested the cash in the business.
b. Performed services for a client and received cash of $700.
c. Purchased supplies on account, $1,000
d. Invested personal cash of $1,000 in the business.
e. Performed services to clients and received cash of $2,400
f. Paid office rent expenses, $ 900 and advertising expense $100.
g. Withdrew cash of $1,800 for personal use.
Prepare Income Statement and Balance Sheet.