Effects of Transactions (Revenue, Expense, Withdrawais) Assume John Sullivan completed the following additional transactions during February. (e) Recelved cash from a client for professional services, $1,730. (t) Paid officit rent for February, $700. (g) Paid February phone bilt, $77. (h) Withdrew cash for personal use, $1,200, (i) Performed services for clients on account, $950. (1) Paid wages to part-time employee, $1,300. (k) Received cash'for services performed on account in transaction (1), 5550 . (Enter the change in Cash on the first line and the change in other account on the second line.) Show the effect of each transaction on the basic elements of the expanded accounting equation: Assets = Liabities + Owner's Equity (Capital - Drawing + Revenues Expenses). Use the minus sign to indicate a decrease or reduction in the account. After transaction (k), report the totais for each element. If an amount box does not re 5 more Check My Work usee remaining Demonstrate that the accounting equation has remained in balance