Brenda Jo Smith is an architect who operates her own business. The accounts and transactions for the business follow. Transactions a. Brenda Jo Smith Invested $20,000 in cash to start the business. b. Pald $2,000 for advertisements in a design magazine. c. Purchased office furniture for $2,300 In cash. d. Performed services for $4,550 In cash. e. Pald $210 for the monthly telephone bill. 1. Performed services for $1,560 on credit. g. Purchased a fax machine for $325, pald $75 In cash, with the balance due in 30 days. h. Pald a bill for $550 from the office cleaning service. 1. Received $2,130 from clients on account. J. Purchased additional office chairs for $545; received credit terms of 30 days. k. Pald $4,000 for salaries. 1. Issued a check for $225 In partial payment of the amount owed for office chairs. m. Received $2,300 In cash for services performed. n. Issued a check for $460 for utilities expense. o. Performed services for $2,150 on credit. p. Collected $900 from clients on account. 4. Brenda Jo Smith withdrew $2,500 in cash for personal expenses. r. Pald $600 to Copy Quick for photocopy work performed during the month. (Hint: Include office cleaning services and photocopy expenses under "Miscellaneous Expense") Required: (1) Post the above transactions Into the appropriate T accounts. (2) Determine the account balances. Prepare a trial balance, an income statement, a statement of owner's equity, and a balance sheet for Brenda Jo Smith, Architect. Analyze: Using the basic accounting equation, what is the financial condition of Brenda Jo Smith's business at month-end? Complete this question by entering your answers in the tabs below. Analyze Income Trial Balance Stmt of T Accounts Balance Sheet Statement Owners Eqty Post the above transactions into the appropriate T accounts. Cash Accounts Receivable Bal. Bal. . Office Furniture Office Equipment Bal, Bal. Accounts Payable Brenda Jo Smith, Capital Bal Bal. Brenda Jo Smith, Drawing Fees Income Bal Bal. Advertising Expense Utilities Expense Bal. Ball Salaries Expense Telephone Expense Bal Bal. Miscellaneous Expense Bal. BRENDA JO SMITH, ARCHITECT Trial Balance January 31, 20X1 Account Name Debit Credit Total $ 0 S 0 BRENDA JO SMITH, ARCHITECT Income Statement Month Ended January 31, 20X1 Revenue Expenses Total expenses 0 $ 0 BRENDA JO SMITH, ARCHITECT Statement of Owner's Equity Month Ended January 31, 20X1 240 240 S BRENDA JO SMITH, ARCHITECT Balance Sheet January 31, 20X1 Liabilities Assets Owner's Equity Total Assets $ 0 Total Liabilities & Owner's Equity S 0 Assets Liabilities Owner's equity