Determine the missing amount for each of the following: Effect of Transactions on Accounting Equation Describe how the following business transactions affect the three elements of the accounting equation. a. Invested cash in business. b. Paid for utilities used in the business. c. Purchased supplies for cash. d. Purchased supplies on account. e. Received cash for services performed. Each of the following items is shown in the financial statements of Exxon Mobil Corporation: a. Identify the financial statement (balance sheet or income statement) in which each item would appe b. Can an item appear on more than one financial statement? c. Is the accounting equation relevant for Exxon Mobil Corporation? The amounts of the assets and liabilities of Excalibur Travel Agency at December 31, 20Y5, the end of the year, and its and expenses for the year follow. The capital of James Brewster, owner, was $710,000 on January 1,20Y5, the beginning of the year. During the year, James withdrew $44,500. Required: Required: 1. Prepare an income statement for the year ended December 31, 20Y5. * 2. Prepare a statement of owner's equity for the year ended December 31, 20Y5. * 3. Prepare a balance sheet as of December 31,20Y5. 4. What item appears on both the statement of owner's equity and the balance sheet? "Be sure to complete the statement heading. Refer to the information given and the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries