F Consider the journal entries below. General Journal Date Account/Explanation 30/Sep Supplies Cash Accounts Payable Used Cash and Credit to purchase supplies 30/Sep Cash Share Capital New Shares issued Page Gj1 Debit Credit 800 758 42 950 950 The financial statements on the left were prepared without taking these transactions into account. Modify the copies on the right to show ho Benson Inc. Benson Inc. Income Statement Income Statement For Month Ended September 30, 2014 For Month Ended September 30, 2014 Revenues Expenses Net Income 5,037 1,215 3,822 Revenues Expenses Net Income 5,037 1,215 3,822 Benson Inc. Statement of Changes in Equity For Month Ended September 30, 2014 Share Retained Total Capital Earnings Equity Balance, September 1. 0 0 0 Issuance of shares 6,700 6,700 Net income 3,822 3,822 Dividends (1,271) (1,271) Balance, September 30 6,700 2,551 9,251 Benson Inc. Statement of Changes in Equity For Month Ended September 30, 2014 Share Retained Total Capital Earnings Equity Balance, September 1. 0 0 0 Issuance of shares 6,700 6,700 Net income 3,822 3,822 Dividends (1,271) (1,271) Balance, September 30 6,700 2,551 9,251 15,051 15,051 Benson Inc. Balance Sheet September 30, 2014 Assets Cash 7,300 Accounts receivable 1,700 Supplies 6,051 Total assets Liabilities Accounts payable 800 Short-term notes payable 5,000 Total liabilities Equity Share capital 6,700 Retained earnings 2,551 Total equity. Total liabilities and equity Benson Inc. Balance Sheet September 30, 2014 Assets Cash 7,300 Accounts receivable 1,700 Supplies 6,051 Total assets Liabilities Accounts payable 800 Short-term notes payable 5,000 Total liabilities Equity Share capital 6,700 Retained earnings 2,551 Total equity. Total liabilities and equity 5,800 5,800 9,251 15,051 9,251 15,051