Julia Rollins started her own business, Coach Julia, on September 1, 2022, to coach young children in basketball. The following transactions occurred during the month of September.
Sept. 1 Julia invested $4,000 cash in the business.
2 Purchased $400 of basketball equipment.
3 Purchased $150 of supplies on account.
4 Paid $600 for an insurance policy.

6 Paid $100 to advertise online.
10 Received $200 cash for services performed.
15 Withdrew $300 cash for personal use.
17 Performed $500 of services on account.
21 Paid for the supplies purchased on September 3.
22 Received a cash payment of $125 for services performed on account on September 17.
30 Paid $375 for utilities.

Instructions
a. Prepare a tabular summary for the September transactions. The column heading should be as follows: Cash + Accounts Receivable + Supplies + Prepaid Insurance + Equipment = Accounts Payable + Owner’s Capital – Owner’s Drawings + Revenues – Expenses.
b. Compute total revenues and expenses for September.
c. Compute the balance of assets, liabilities, and owner’s equity at September 30.