Baker opened Baker's Accounting Service in Winnipeg on September 1, 2017. On Septem Equipment ber 30, the balance sheet showed Cash $5,700; Accounts Receivable $2,100; S upplies $350; $7,600; Accounts Payable $4,300; and E. Baker, Capital $11,450. D occurred: uring October, the following transactions Oct. Paid $3,800 of the accounts payable. 1 1 Paid $900 rent for October. 4 5 Collected $1,550 of the accounts receivable. Hired a part-time office assistant at $80 per day to start work the following week. ga note payable for the balance. 14 15 18 Performed $900 of accounting services on account Paid $300 for advertising. Collected $400 from customers who received services on October 14. elebratin g Fraser's son's university graduation. 25 Borrowed $8,000 from the Manitoba Bank on a note payable. 26 Sent a statement reminding a customer that he still owed the company money from September 28 Earned revenue of $5,400, of which $3,100 was paid in cash and the balance was due in November. 29 Paid the part-time office assistant $720 for working nine days in October. 29 Received $2,800 cash for accounting services to be performed in November. 30 Received the telephone bill for the month, $205. 30 Withdrew $1,200 cash for personal expenses. Instructions (a) Beginning with the September 30 balances, prepare a tabular analysis of the effects of the October transactions on the accounting equation. (b) Prepare an income statement and statement of owner's equity for October, and a balance sheet at October 31