(etnio9 or) 1.(10 Points) For the items listed below, fill in the appropriate code letter to indicate whether the item is an asset, liability, or owner's equity item. (B0) Inemetste yliupe ahenwo Code A eenegxe asitilU eldsviooo1 anuoooA S apniwsnb ahemwo E euneven aolvn9e A eldsysq eepew bns eonsls2 a themglup3 Asset L Liability Owner's Equity OE 6. Cash 1. Rent Expense 7. Accounts Receivable 2. Equipment (atnlo9 0c) 8. Owner's Drawings 3. Accounts Payable rose esilamuol wolod botnea91g e18 1edotoO to rinom ertt ot ynsgmoO tel nsol 1ot anoitosans1T 4. Owner's Capitalnelaxe lamuoi timn ver9uoService Revenuesanat doso vtiunebi bns noitosanst 10. Notes Payableieud ort ni rieso 000,s2 bateovnlt ies 1ot 000,8s2 pniteoo bnsl bezsronu9 S ibe1o no 1obnismen ortt bns daso 000,2 1ot 000,812 pniteo0 tnemqiupo bo2srou9 0082 1ot tnuO no slgque boasronu9A this9 a 5. Insurance Expense 2.(10 Points) An analysis of the transactions made by R&H Blacke Co., a tax firm, for the month of July is shown below ee 1o h 00e.ce boviepeRa Each increase and decrease in owner's equity is explainedmohea vieuolveng eooivnea 1ol 000,A2 bevieoeRT .008,1ot 29eyolgms ot aepew bis9 8 Accounts Owner's Equityeso 00E,s2 wonbrttiw ytte9e Accounts Receivable + Supplies + Equipment Payable + Owner's Capital Cash + (etnio9 oc) a +$13,000 2,000 950 2,500 +$7,000 1,500 2,500 750 580 4,200 +$13,000 Investment 1. wt$5,000 0nt$3,000 2 002 eixalsD 1ot esonsled inuooos 1opbel erT +$950 3 000 a+ 9,500 Service Revenue atnugp2A eldevioooR atnuoooA daso 4. 5 1,500 2,500 Drawings 750 Rent Expenseig 6 00 2 000,1T 000 000,08 500 0s 7. henwo 8 580 epniwand a'henwo 4.200 Salaries Expense soinee 500 Utilities Expenses esnslse 9. 10. vs + 000, 000 S euneveR eoivn92 bemsanu Instructions (a) Determine how much owner's equity increased for the month. (b) Compute the amount of net income for the month. eaneqx3 eedilidu enoltountenl S 1810dmeos0 t6 oixelso 1ot mmot 1egong ni sonslsd lsntd s o1sqe19 3. (10 Points) For each of the following, indicate whether the transaction increased (+), decreased (-), or had no effect (NE) on assets, liabilities, and owner's equity using the following format vosomoo 00e e0 Assets Liabilities +Owner's Equity onsla8 s 1sq99:(etnioq or) tiban Made an investment to start the business. Billed customers for services performed. Purchased equipment on account Withdrew cash for personal use. Paid for equipment purchased in 3. above. s3 1. 2. 3. 4. 5