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Exercise 1-25 and 1-26 Effects of transactions on the accounting equation and Financial statements LO6, 7, 8 Natalie Gold is the owner of the marketing

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Exercise 1-25 and 1-26 Effects of transactions on the accounting equation and Financial statements LO6, 7, 8 Natalie Gold is the owner of the marketing agency Vivid Voice. The company focuses on online consulting services, such as online marketing campaigns and blog services. The June transactions for Vivid Voice resulted in totals at June 30, 2023, as shown in the following accounting equation format: During July, the following occurted: o. Collected $910 from a credit customet. b. Paid $3,050 for equipment purchased on account in June. c. Did work for a client and collected cash, $2,200. d. Paid a part time consultant's wages, $1,060 e. Paid the July ient $2.300 f. Paid the July utilies $1,150 g. Performed services for a customer on credit; $2150. h. Called an information technology consultant to fix the agency's photo editing software in August it will cost $460. 1. Show the effects of the activities listed in (a) through (h). For each transaction that affects equity, seiect the appropriate description beside it (owner irwestment, owner withdrawal, revenue, expenses provided in the dropdown). (Enter all amounts as positive volues. If the trensoction/event does not offect equity or does not require o joumal entry, select "No Affect on Equity" in the 'Explanetion of equity transnction' field.) 1. Show the effects of the activities listed in (a) through (h). For each transaction that affects equity, select the appropriate description beside it (owner investment, owner withdrawal, revenue, expenses provided in the dropdown). (Enter all amounts as positive values. If the transaction/event does not affect equity or does not require a journal entry, select "No Affect on Equity" in the 'Explanation of equity transoction' field.) 2. Prepare an income statement for July 2023. 3. Prepare an statement of changes in equity for July 2023. 4. Prepare an balance sheet for July 2023

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