Francis Dhami, Public Accountant, completed these activities during September 2023, the first month of operations: Sept. 1 Began a public accounting practice by investing $48,000 in cash and office equipment having a $11,800 fair value. 1 Prepaid cash for three months' rent in advance on suitable office space, $8,700. 2 Purchased on credit used office equipment, $5,800, and office supplies, $1,180. 4 Completed accounting work for a client and immediately received payment of $6,000 cash. 8 Completed accounting work on credit for Frontier Bank, $3,800. 10 Paid for the items purchased on credit on September 2. 14 Paid the annual $2,800 premium on an insurance policy. 15 Registered to attend an all-day seminar, costing $800 on October 20 regarding ethical accounting practices and will pay when attending. 18 Received $1,400 from Frontier Bank for the work completed on September 8. 24 Completed accounting work on credit for Travis Realty, $2,750. 28 Withdrew $3,400 cash from the practice to pay personal expenses. 29 Purchased additional office supplies on credit, $630. 30 Paid the September utility bills, $840. Required Prepare journal entries to record the transactions. Prepare the unadjusted trial balance for the month of September. Travis McAllister operates a surveying company. For the first few months of the company's life (through April), the accounting records were maintained by an outside bookkeeping service. According to those records, McAllister's equity balance was $75,000 as of April 30. To save on expenses, McAllister decided to keep the records himself. He managed to record May's transactions properly, but was a bit rusty when the time came to prepare the financial statements. His first versions of the balance sheet and income statement follow. McAllister is bothered that the company apparently operated at a loss during the month, even though he was very busy. Investments by owne Unearned surveying fee Operating expenses Telephone expense Surveying equipment Advertising expense Usites expense Withdrawals by owner Total operating expenses Pro Accounts receivable Prepaid Office suppl Buldings Land Income Statement For Month Ended May 31, 2023 $3300 600 5,400 3.200 100 100 5000 McAlter Surveying May 31, 2033 Assets Labe $ 1.000 Accounts payable 2700 Surveying fee earned 1.800 Short-term notes payable 4.200 300 81,000 36,000 3000 Equity Travis McAlister cap Total Natuities and equity $ 2,000 5000 $5,000 19.500 $10.500 Required Using the information contained in the original financial statements, prepare corrected statements, including a statement of changes in equity, for the month of May. $2,400 18.000 48000 $ 63,400 64500 $132,900