ces Natalie Gold is the owner of the marketing agency Vivid Voice. The company focuses on online consulting services, such as online marketing campaigns and blog services. The June transactions for Vivid Voice resulted in totals at June 30, 2020, as shown in the following accounting equation format: Assets Accounts = Liabilities + Accounts Payable + $5,800 Equity Natalie Gold, Capital Explanation of Equity Transaction + $17,000 Cash + Receivable + Supplies + Equipment = $7,800 + $3,000 + $3,700 + $8,300 = During July, the following occurred: a. Collected $980 from a credit customer. b. Paid $3,400 for equipment purchased on account in June. c. Did work for a client and collected cash; $2,900. d. Paid a part-time consultant's wages; $1,130. e. Paid the July rent; $3,000. f. Paid the July utilities; $1,500. g. Performed services for a customer on credit; $2,500. h. Called an information technology consultant to fix the agency's photo editing software in August; it will cost $530. ces 2. Prepare an income statement for July 2020. Revenues: VIVID VOICE Income Statement For Month Ended July 31, 2020 Operating expenses: Total operating expenses 0 1. Show the effects of the activities listed in (a) through (h). For each transaction that affects equity, select the appropriate description beside it (owner investment, owner withdrawal, revenue, expenses provided in the dropdown). (Enter all amounts as positive values. If the transaction/event does not affect equity or do not require a journal entry, select "No Affect on Equity" in the 'Explanation of equity transaction' field.) Bal. a. b. + Assets = Liabilities Equity Cash + Accounts Receivable + Supplies Equipment = $7,800 + $3,000 + $3,700 + $8,300 Accounts Payable + $5,800 + Natalie Gold, Capital Explanation of Equity Transaction + $ 17,000 es C. d. e. f. g. h. A Totals + + = + es 3. Prepare an statement of changes in equity for July 2020. VIVID VOICE Statement of Changes in Equity For Month Ended July 31, 2020 Natalie Gold, capital, July 1 Natalie Gold, capital, July 31 4. Prepare an balance sheet for July 2020. VIVID VOICE Balance Sheet July 31, 2020 Assets Liabilities Total assets $ EA Equity 0 Total liabilities and equity 69 $ 0 Analysis Component: Review Gold's balance sheet. How much of the assets are financed by Gold? How much of the assets are financed by debt? (De round intermediate calculations.) Assets financed by Natalie Gold Assets financed by debt