Assets Accounts Liabilities Accounts Owner's Owner's Equity Owner's +Receivable + Supplies + Equipment Payable +Capital Drawings + Revenue Expense No. 1 234569 Cash +$15,000 -7,000 +1,200 +1,500 +$2,000 7 -600 -900 -200 8 -250 9 +600 -600 10 10 -1,300 +$15,000 +$7,000 +$1,600 +$1,600 +250 -250 -$1,300 +$1,200 -$250 +3,500 -600 -900 -200 $ 8,050+ $1,400 +$1,600 + $7,000 $1,600 +$15,000-$1,300 $4,700 - $1,950 = Requirement: 1. Write down the transaction that occurred for the month. 3. Prepare Trial Balance 2. Prepare T accounts (Ledger account) 4. Prepare Income Statement and 5. Prepare Balance Sheet (5 marks) (5 marks) (4 marks)