13 of 13 < > View Policies Current Attempt in Progress -/10 E Frank Petronick decided to start an accounting practice after graduation from university. The following is a list of events that occurred concerning Frank's practice during June 2021. the first month of operations. June 1 After shopping around. Frank found an office to lease and signed a lease agreement. The lease calls for a payment of $1,053 rent per month. 4 Borrowed $3,851 from his grandmother so that he could buy some office furniture for his new office. 4 Deposited the $3,851 plus $535 of his own cash in a new bank account at BMO under the name Petronick Accounting Services. 6 Paid the landlord the first month's rent. 8 Purchased furniture for $3,090 on account. 14 Moved into the office and obtained the first assignment from a client to prepare year-end financial statements for 11 $1.877. 15 Performed the work on the assignment and sent an invoice to the customer for $1,877 15 Paid half of the amount of the purchase of furniture. 18 Purchased supplies on account for $351. 26 Paid for Internet services, $43 cash. 28 Collected $896 of the June 15 billing to the customer. B 08:46 PM Question 13 of 13 < > 28 Collected $896 of the June 15 billing to the customer. 30 Withdrew cash from the business of $127 for personal expenses. -/10 E Prepare a tabular analysis of the effects of the above transactions on the accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Owner's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-13 for example. Record entries in the order presented in the problem.) Transaction Cash June 1 $ 4 Assets Accounts Receivable Supplies $ are a tabular analysis of the effects of the above transactions on the accounting equation. (If a transaction causes a decrease in Liabilities or Owner's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability uity item that was reduced. See Illustration 1-13 for example. Record entries in the order presented in the problem.) Assets Supplies $ Furniture Liabilities Accounts F. Pe Payable C Prepare a tabular analysis of the effects of the above transactions on the accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Owner's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-13 for example. Record entries in the order presented in the problem.) Owner's Equity F. Petronick, Capital $ F. Petronick, Drawings + $ Revenues Expenses 28 28 Total $ $ $ 30 30 eTextbook and Media From an analysis of the owner's equity, calculate the account balance in F. Petronick, Capital, at June 30. F. Petronick, Capital, June 30 $ eTextbook and Media