As an accountant, your new client Michael Suze needs assistance in setting up his books for his business. To do this successfully, you start by showing him how you perform a transaction analysis based on the accounting equation of Assets = Liabilities + Owners Equity. You explain to Michael how to show increases and decreases in assets, liabilities and owners equity accounts using the analysis template. To help Michael understand transaction analysis, you reconcile each side of the equation by balancing out each column at the end of the transactions. Complete the attached template using the following Accounts: Cash Accounts Receivable Supplies Equipment Accounts Payable Notes Payable Suze, Capital Suze, Drawing Service Revenue Rent Expense Salary Expense Utilities Expense Advertising Expense Assignment Requirements: Record the transactions listed below.

Prepare an Income Statement Prepare a Statement of Owners Equity Prepare a Balance Sheet

1-July Owner, Michael Suze invested $32,000 in his business, Be Great Athletics.

2-July Company paid monthly rent, $1200.

3-July Company bought supplies on account, $800.

5-July Company paid monthly advertising, $1325.

9-July Company performed services, $9,000.

12-July Owner, Michael Suze, withdrew $2,000 for personal use.

15-July Company performed services on account for $7,400.

17-July Company paid monthly salaries, $2,500.

20-July Company made a payment on account, $800.

23-July Company received $6,500 from a customer on account.

26-July Company borrowed $11,000 from local bank.

29-July Company bought equipment on account for $5,200.

30-July Company paid monthly utilities, $765.