1. An analysis of the transactions made by R&H Blacke Co., a tffisexpied July is shown below. Each increase and decrease in firm, for for the month of a tax n owner's equity explained Cash+ Receivable+Supplies Equipment Payable Accounts Owners Equity Equipment Payable Owner's Canital 1. +$13,000 2 2,000 3. 950 4. 2,500 +$7,000 5. 1,500 6. 2,500 7.750 8. 580 580 9. 4,200 10. $13,000 Investment +9,500 Service Revenue - 2,500 Drawings $5,000 $3,000 +$950 1,500 - 750 Rent Expense 4.200 Salaries Expense +500 500 Ublities Expense 1. Instructions on excel: 2 points (a) Determine how much owner's equity increased for the month (b) Compute the amount of net income for the month. 2. Analyze the transactions of a business organized as a proprietorship described below and indicate their effect on the basic accounting equation. Use a plus sign (+) to indicate an increase and a minus sign (-) to indicate a decrease. 2 points Owner,Equity + Assets Labit es 1. Received cash for services rendered. 2. Purchased office equiprment on credit -t - 3. Paid employees' salaries. 4. Received cash from customer in payment on account 5. Paid telephone bill for the month. 6. Paid for office equipment purchased in+ transaction 2 7. Purchased office supplies on credit 8. Owner withdrew cash for personal expenses. 9. Obtained a loan from the bank 10. Billed customers for services rendered.+