9: Cash; Accounts Re¬ ceivable; Equipment; Accounts Payable; H. Nikolas, Capital; H. Nikolas, Withdrawals; Revenues; and Expenses.

2 . Show the effects of the transactions on the accounts of the accounting equation by recording increases and decreases in the appropriate columns. Do not determine new account balances after each transaction. Determine the final total for each account and verify that the equation is in balance.
3 . Prepare a June income statement, a June statement of owner’s equity, a June 30 balance sheet, and a June statement of cash flows.