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6,The accounting events listed below affected the assets and equities of Addair Legal Services Requrements Review class packet page 4-13 as well as reading assignment

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6,The accounting events listed below affected the assets and equities of Addair Legal Services Requrements Review class packet page 4-13 as well as reading assignment #2 and #3 sets, liabilities and owner's a (a) Using the table below, specify the S amount effect of each event on the as equity of the firm. Use + for increases ors> for decreases. Event a has been done as an example fd (2) berermine the total assets, liabilties. and ower's equity that would appear on the Balance Sheet at you. 2) Determine the total assets, liabilities, and owner's equity that would appear on the Balance Sheet at the end of the period. (3.) Determine the net income that would appear on the Income Statement for the period ui Liabilities Revenue (Expense).. Contrib. L (Draw) Event Assets 30,000 . a 30,000 Cash b. C. d. h. k. Totals Events: a. Tom (the owner) contributed $30,000 cash into the business. b. Tom puts a car worth $10,000 in the business. c. Tom borrows $8,000 from Commerce bank by signing a one year note. d. Purchased a file cabinet for $300 from OfficeMax on open account. e. Purchased office supplies costing $208 paying cash at Staples f. Represented a client in a bankruptcy case, sending the client a bill for $860. g. Purchase office furniture for $4,800 by paying $2,000 in cash and signing a note for the balance. h. Paid the bill for the file cabinet in d. above i. Hired a legal assistant who will be paid $12 an hour j. Represented a client in a DUI case, paid in cash $1,240. k. Purchased gas for the car, paid cash at Gas 4 Less $70. Pnbil caoinetin aying $2.000in cash and signing a note for the balance I. The customer in f above paid their bill. m. Tom withdrew $400 in cash from the business by transferring it to his personal checking acc iness by transferring it to his personal checking account

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