Effects of Transactions (Revenue, Expense, Withdrawals) Assume Jon Wallace completed the following additional transactions during March. e. Performed services and received cash, $2,800. f. Paid rent for March, $1,130. g. Paid March phone bill, $67. h. Jon Wallace withdrew cash for personal use, $750. i. Performed services for clients on account, $800. j. Paid wages to part-time employee, $500. k. Received cash for services performed on account in transaction (i), $400. (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 = Liabilities + 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 totals for each element. If an amount box does not require an entry, leave it blank. Owner's Equity Assets = Liabilities + Capital - Drawing + Revenues - Expenses Description Bal. 33,900 2,900 31,000 e. fill in the blank 1 fill in the blank 2 fill in the blank 3 fill in the blank 4 fill in the blank 5 fill in the blank 6 f. fill in the blank 8 fill in the blank 9 fill in the blank 10 fill in the blank 11 fill in the blank 12 fill in the blank 13 g. fill in the blank 15 fill in the blank 16 fill in the blank 17 fill in the blank 18 fill in the blank 19 fill in the blank 20 h. fill in the blank 22 fill in the blank 23 fill in the blank 24 fill in the blank 25 fill in the blank 26 fill in the blank 27 i. fill in the blank 28 fill in the blank 29 fill in the blank 30 fill in the blank 31 fill in the blank 32 fill in the blank 33 j. fill in the blank 35 fill in the blank 36 fill in the blank 37 fill in the blank 38 fill in the blank 39 fill in the blank 40 k. fill in the blank 42 fill in the blank 43 fill in the blank 44 fill in the blank 45 fill in the blank 46 fill in the blank 47 fill in the blank 48 fill in the blank 49 fill in the blank 50 fill in the blank 51 fill in the blank 52 fill in the blank 53 Bal. fill in the blank 54 = fill in the blank 55 + fill in the blank 56 - fill in the blank 57 + fill in the blank 58 - fill in the blank 59 Demonstrate that the accounting equation has remained in balance. Total Assets $fill in the blank 60 Total Liabilities $fill in the blank 61 Capital fill in the blank 62 Drawing fill in the blank 63 Revenues fill in the blank 64 Expenses fill in the blank 65 Total Liabilities and Owner's Equity $fill in the blank 66