144 LO 4,5 4.27 Preparing a worksheet The closing balance sheet items are given below for Jason Merino in accounting equation form as at 30 June 2016. Transactions for the following month of July are also given. Assets Cash at bank + Accounts receivable $39 400 $2.800 Liabilities Accounts payable Equity + Capital = $1200 + $41000 Transactions for July 2016 were as follows: July 2 Received $2800 from accounts receivable. 3 Paid $1000 of accounts payable. 4 Paid rent for July $700. 5 Sent invoice to customer $5600. 7 Purchased office equipment for cash $2000. 9 Recorded cash sales $800. 10 Recorded credit sales $1500. 14 Purchased office supplies for cash $330. 23 Cash sales $2000. 31 Drawings by Jason Merino $800.