29 Received the telephone bill for September, $325. 30 Billed the government $10,000 for services provided to patients in September. Instructions (a) Beginning with the August 31 balances, prepare a tabular analysis of the effects of the September transactions on the accounting equation. (b) Prepare an income statement and statement of owner's equity for September, and a balance sheet at September 30. TAKING IT FURTHER What are the differences between purchasing an item on account and signing a note payable for the amount owing? P1-9A Pavlov's Home Renovations was started in 2008 by Jim Pavlov. Jim operates the business from an office Prepare financial statements. in his home. Listed below, in alphabetical order, are the company's assets and liabilities as at December 31, 2017, (LO6) AP and the revenues, expenses, and drawings for the year ended December 31, 2017: Accounts payable $ 7,850 Operating expenses $ 3,545 Accounts receivable 10,080 Prepaid insurance 1,685 Cash 8,250 Salaries expense 88,230 Equipment 29,400 Service revenue 153,750 Insurance expense 3,375 Supplies 595 Interest expense 1,195 Supplies expense 20,095 J. Pavlov, drawings 44,800 Unearned revenue 15,000 Notes payable 30,800 Vehicles 42,000 Jim's capital at the beginning of 2017 was $45,850. He made no investments during the year. Instructions Prepare an income statement, statement of owner's equity, and balance sheet. TAKING IT FURTHER Why is it necessary to prepare the income statement first, then the statement of owners equity, and the balance sheet last? int amounts provided to patients in September tabular analysis of the effects of the September tractions winning with the August 31 balances, prepare a tabular anal on the accounting equation. hi Prepare an income statement and statement of owner's of owner's equity for September, and a balance sheet September between purchasing an item on account and we din 2008 by Tun Pavlov, Tim operates the business from anothie Prepare for betical order, are the company's assets and abilities as at December 31, 2017. AD Operating expenses Prepaid insurance Salaries expense Service revenue TAKING Y FURTHER FURE What are the differences between purchasing pavable for the amount owing? Pavlov's Home Renovations was started in 2008 by Paul... in his home. Listed below, in alphabetical ordera and the revenues, expenses, and drawings for the year ended Decemb Accounts payable $ 7.850 $ 10,080 Accounts receivable 3,545 8,250 1.685 Cash 29,400 88,230 Equipment 3,375 153,750 Supplies Insurance expense 1,195 Interest expense Supplies expense 20,095 J. Pavlov, drawings 44,800 Unearned revenue 15.000 30,800 Vehicles Notes payable 42.000 ping of 2017 was $45,850. He made no investments during the Year Jim's capital at the beginning of 2017 was $45,850. He made no Instructions Prepare an income statement, statement of owner's equity, and balance sheet 595 TAKING IT FURTHER Why is it necessary to prepare the income statement first, then the statement of owner's 2