7 B 9 Ahmed Ima is a licensed accountant. During the first month of operation of his business, the following events and transactions occurred November 10 11 1 Invested $50,000 cash. 12 1 Hired a secretary-receptionist at a salary of $2,500 per month. 13 14 2 Paid office rent for the month $800. 15 16 3 Purchased office supplies on account from Deril Company for $1,500. 17 18 10 Completed tax returns and billed client $1,900 for services performed. 19 20 11 Received $500 cash advance from Gafarova Asleigh for the preparation of some financial statements 21 22 20 Received $1,500 cash for services completed and delivered to Sarah Uzun 23 24 30 Paid secretary-receptionist $2,000 for the month 25 26 30 Paid $500 to Derli Company for accounts payable due 27 Salaries earned but not yet paid are $450 29 30 31 32 33 34 30 The following is a list of accounts generally used by Ahmed (also known as a "Chart of Accounts") Cash, Accounts Receivable, Supplies Inventory, Accounts Payable, Salaries Payable, Unnamed Revenue, Ahmed Ima-Capital, Service Revenue, Salaries Expense, Rent Expense Instructions 1 Journalize the transactions 3 Prepare in good form the financial statements for this business which includes: Income Statement Statement of Owner Equity Balance Sheet