Effect of Transactions on Accounting Equation Jay Pembroke started a business. During the first month (Apri 20--,the following transactions occurred. Invested cash in business, $19.200. Booear$ 370 in cash and $2,132 on ceun ransaction () 2.0. 1,816 in cash and $2,445 an account armed revesng e company that suppried the Paid office rent for the month g. Wwithcrew cash lor personal use, $147 Required: Show the eflect of each transaction on the individuail accounts of the expanded accounting equationc Assets Liabilities Owner's Equity (Capital- Drawing + Revenves Expenses). After transaction (s), report the tota's decrease or reduction in the account. If an amount box does not require an entry, leave it blank = Liabiliti Amts. (Items Owned) Accounts office PrepaldAccounts + Pembroke: Pembroke, + Revenues-Expenses Description Demonstrate that the accounting equation has remained in balanoe. Accounts receivable Office supplies Prepaid insurance Total Assets Accounts payable ay Pembroke, capital ay Pembroke, drawing Service fees Rent expense