Business transactions completed by Rick Mitchell during the month of September are as follows Using the following transactions , record financial statements , and assess the impact of each transaction on the financial statements 1 Mitchell 120.000 along with office equipment at $ proprietorship and . company purchased land valued 40,000 and a building valued at $ 162,000 . purchase paid with 32,000 and a long- noto payable for $ 170.000 . The company purchased 34,000 office supplies on credit . a personal automobile in company . automobile has a value of 20.500 and tu to be used exclusively in the buninans . Bep company purchased $ 8,500 of additional office equipment on credit . company $ 3, 600 cash to an assistant Sep. company provided services to a and collected $5,900 canh. 15 The company paid this . . paid $ 4,000 cash to settle the account payable created on September 5. Sep. 19 The company purchased $ 20,700 of new office equipment by paying $ 20,700 . 21 The company completed of services for a client , who must pay within days. . Company paid $ 3.600 salary to instant . 25 company received $ 5,000 cash in partial payment on the 21. 27 53/2 cash from the company for personal use. Balance Sheet Impact on Equity General Income Statement General Ledger Trial Balance Owners Equity Requirement Every joumal entry must keep the accounting equation in balance Prepare the journal entries for each of the transactions of RM entering the debits before the credits . Each transaction will automatically be posted to the General Ledger and the Trial Balance as soon as you click Record Entry Show

6 Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Equity 24 points Using the dropdown buttons, select the financial statement elements and account titles to be included on t statement. The account balances will automatically populate. eBook RM Consulting Income Statement For Month Ended September 30, 2019 Print Revenues: References Fees revenue $ 5,900 $ 5,900 Total revenues Expenses: 1,400 7,200 Utilities expense Salaries expense Total expenses Net Income 8,600 (2,700) $ Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Equity Using the dropdown buttons, select the item that accurately describes the values that either increase or decrease the owner's capital balance. -Book Print RM Consulting Statement of Owner's Equity For Month Ended September 30, 2019 R. Mitchell, Capital, September 1, 2019 Add: Owner Investments $ 167,500 Add: Not income Herences 167,500 167,500 Less: Owner withdrawals 3,200 3,200 164.300 $ R. Mitchell, Capital, September 30, 2019 The ending capital balance is transferred to the: Balance sheet 6 RM Consulting Balance Sheet September 30, 2019 Assets: 24 points $ eBook Cash Accounts receivable Office supplies Office equipment Automobiles Land Building 62,400 2,000 4,000 56,200 20,500 40,000 162,000 Print References Total Assets $ 347,100 Liabilities: Accounts payable Notes payable $ 8,500 170,000 $ 178,500 Total Liabilities Owner's Equity R. Mitchell, Capital 164,300 Total Equity 164,300 $ 342,800 Statement of owner's equity The capital balance reported on the balance sheet comes from the: 6 Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Equity 24 points Using the dropdown buttons, select the financial statement elements and account titles to be included on t statement. The account balances will automatically populate. eBook RM Consulting Income Statement For Month Ended September 30, 2019 Print Revenues: References Fees revenue $ 5,900 $ 5,900 Total revenues Expenses: 1,400 7,200 Utilities expense Salaries expense Total expenses Net Income 8,600 (2,700) $ Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Equity Using the dropdown buttons, select the item that accurately describes the values that either increase or decrease the owner's capital balance. -Book Print RM Consulting Statement of Owner's Equity For Month Ended September 30, 2019 R. Mitchell, Capital, September 1, 2019 Add: Owner Investments $ 167,500 Add: Not income Herences 167,500 167,500 Less: Owner withdrawals 3,200 3,200 164.300 $ R. Mitchell, Capital, September 30, 2019 The ending capital balance is transferred to the: Balance sheet 6 RM Consulting Balance Sheet September 30, 2019 Assets: 24 points $ eBook Cash Accounts receivable Office supplies Office equipment Automobiles Land Building 62,400 2,000 4,000 56,200 20,500 40,000 162,000 Print References Total Assets $ 347,100 Liabilities: Accounts payable Notes payable $ 8,500 170,000 $ 178,500 Total Liabilities Owner's Equity R. Mitchell, Capital 164,300 Total Equity 164,300 $ 342,800 Statement of owner's equity The capital balance reported on the balance sheet comes from the