2 Points: 9.12 of 15 Save Mary Rowland is the proprietor of a career counselling and employee search business, Rowland Personnel Services. The following amounts summarize the financial position of the business on August 31, 2020. (Click the icon to view the financial position.) During September 2020, the following company transactions occurred (Click the icon to view the transactions.) Required Requirement 1. Analyze the effects of the transactions on the accounting equation of Rowland Personnel Services. (If a box is not used in the transaction leave the box empty; do not select a label or enter "0." Use parentheses or a minus sign for decreases. Abbreviations used: A/P = Accounts Payable; A/R = Accounts Receivable; Adv. Rev. = Advertising Revenue; Exp. = Expense; Furn. = Furniture; Rev. Revenue; Supp. = Supplies.) Complete an analysis of the transactions for each date, and then total the balance of each account at the bottom. Assets Liabilities 14 Cash A/R Office Supp M. Rowland Owner's Equity Service Furn AP Capital + Rev. Adv Exp Salaries Exp Bal 48.000 + 35,000+ OH 93.000 59,000+ 117.000 + 10 0 9/3 86,000 86,000+ 9/4 6,000 + 6,000 9/9 (59.000) + + (59.000) 9/15 + 5 900 5,900 9/18 8,200 (8,200) + 9/19 47.000 + 47,000 Clear all Final check Incorrect: 0 he icon to view the financial position.) ember 2020, the following company transactions occurred. ne Financial position Assets = Liabilities + Owner's Equity nt 1 ox e unts Accounts Office Accounts M. Rowland, Cash + Receivable + Supplies + Furniture = Payable + Capital n an Bal 48,000 + 35,000 + 0 + 93,000 = 59.000 + 117,000 ash 48,00 36,000 6,000 Print Done 0.000 B Sep. 3 4 Rowland deposited $86,000 cash in the business bank account. Performed services for a client and received cash of $6,000. 9 Paid off the August 31, 2020, balance of accounts payable. 15 Purchased office supplies on account, $5,900. 18 Collected cash from a customer on account, $8,200. 19 Consulted on a large downsizing by a major corporation and billed the client for services rendered, $47,000. 22 Recorded the following business expenses for the month (1) Paid co-op students for salaries-$5,200. (2) Paid advertising-$3,200 24 Purchased office supplies at an auction for $1,100 cash 29 Rowland withdrew $9,200 cash. Print Done uity A/R = Accounts Receivable; Adv. Rev. = Advertising Revenue; Exp. = Expense; Furn. = Furniture; Rev. = Revenue; Supp. = Supplies.) Complete an analysis of the transactions for each date, and then total the balance of each account at the bottom Owner's Equity Assets Liabilities + Office M. Rowland, Service Salaries Cash + A/R + Supp + Furn == A/P + Capital + Rev Adv Exp Exp Bal 48,000 + 35,000 + 0 + 93,000 = 59,000 + 117,000 + 0 - 0 0 9/3 86,000 + + + 11 + 86,000 + 9/4 6,000 + + + + 6,000 9/9 (59,000) + + 9/15 + + 5,900 + 11 (59,000) 5,900 + + + + 9/18 8.200 + 9/19 (8,200) + + 47,000 + + + + + + + 47,000 9/22 (1) (5,200) 5,200 4 Clear all Final cl " 5,900 + + H #1 9/15 + + 5,900 + 9/18 8,200 + (8,200) + + 9/19 + 47,000 + 9/22 (1) (5,200) + + + (2) (3,200) + + 9/24 (1,100) + + 1,100 + 9/29 (9,200) $ 70,500 $ 73,800 $ 7,000 $93,000 Bal + S 244,300 rch + + 47,000 + + + T T 1 3,200 1 5,200 + (9,200) + $ 5,900 $ 193,800 $53,000 $ 3,200 + + $ 244 300 H $ 5,200 Clear all Final Requirement 2. Prepare the income statement of Rowland Personnel Services for the month ended September 30, 2020 Begin with the heading of the statement, and then choose the accounts and enter the corresponding amounts (Use parentheses or a minus sign for a n C TA amazon B D w Requirement 2. Prepare the income statement of Rowland Personnel Services for the month ended September 30, 2020 Begin with the heading of the statement, and then choose the accounts and enter the corresponding amounts (Use parentheses or a minus sign for a net loss.) Rowland Personnel Services Income Statement For the Month Ended September 30, 2020 Revenue Service revenue Expenses Salaries expense $ 5.200 3.200 Advertising expense Total expenses Net income Dequirement 2 Deanor the $ 53,000 8.400 $ 44.600 tatamant of sunade out for the month anded Contembar 200 Clear all Final check Inco Requirement 3. Prepare the business's statement of owner's equity for the month ended September 30, 2020 Begin with the heading, and then choose the appropriate labels and enter the corresponding amounts Rowland Personnel Services Statement of Owner's Equity For the Month Ended September 30, 2020 M. Rowland capital, September 1, 2020 Add Net income Owner investments Less 117000 44600 7000 168600 Amazon B. W Clear all arch Requirement 3. Prepare the business's statement of owner's equity for the month ended September 30, 2020 Begin with the heading, and then choose the appropriate labels and enter the corresponding amounts Rowland Personnel Services Statement of Owner's Equity For the Month Ended September 30, 2020 M Rowland, capital, September 1, 2020 Add Less Net income Owner investments Owner withdrawals M. Rowland, capital, September 30, 2020 C 117000 44600 7000 168600 amazon B Clear all