Accounting 101 Problem. Pasco Hernando Community College. Thank you!

Effect ofTransaCtions on Accounting Equation Jay Pembroke started a business. During the rst month {April 20--), the following transactions occurred. Invested cash in business, $18,593. Bought ofce supplies for $4,287: $1,815 in cash and $2,472 on account. Paid one-year insurance premium, $1,376. Earned revenues totaling $3,380: $1,467 in cash and $1,913 on account. Paid cash on account to the company that suppiied the ofce supplies in transaction (b), $2,218. Paid ofce rentfor the month, $897. withdrew cash for uersonai use. $149. FrFF-E'F'P' Required: Show the effect of each transaction on the individual accounts of the expanded accounting equation: Assets = Liabilities + Owner's Equity (Capital - Drawmy + Revenues - Expenses). After transaction (g), report the totals for each element. Use the minus sign to indicate a decrease or reduction in the account. If an amount box does not require an entry, leave it biank. Demonstrate that the accounting equation has remained in balance. Cash Accounts receivable Ofce supplies Prepaid insurance Total Assets Accounts payable Jay Pembroke, capital Jay Pembroke, drawing Service fees Rent expense Total liabilities and Owner's Equity EUUUUWUUDE