HW - Saved - X Samuel Agada Help Tell me 0 Share File Home Insert Draw Page Layout Formulas Data Review View El Conditional Formatting Arial B V woa. % Number A A Alignment Format as Table Cells Editing Paste Cell Styles Clipboard Styles D8 - 1 X $ Supplies 5 LUCKY MEDICAL 6 TRANSACTIONS FOR DECEMBER Accounts Receivable Blandin Capital Cash 8 Transaction Description Accounts Payable Supplies - Revenues - Expenses 10 al Beginning Balances input for you 14,500 2.200 3,000 13.900 12 D. Purchased supplies on account. 51.100 14 c) Billed customer for services of $6,000 to 15 be paid by the customers next month 16 17 d. Payment of $1,500 to creditors owed 18 in the beginning balance a) above 20 e). Owner withdrew of $3,000 for personal use 21 Thint take it out of the capital account) 23 24 Received $3,000 cash due from the customer billed in transaction c) above 25 26 al Received bill and paid $2,000 for month's rent 28 h) Paid $1,650 wages to part-time help (wage 29 expense) 30 31 g) Received and paid for the current 32 month's utility bill of $350 Balance 36 Required 1) Analyze the affect of the above transactions on the accounting equation for Lucky Medical Show each tranaction on the 37 above schedule, totalling the ending balances for each account (column) to make sure that the equation is in balance 38 39 2) After you have finished analysing the affect of each transaction, create an income statement, statement of owner's equity and a 40 balance sheet using the results of your analysis. You may use the attached forms. Make sure to use proper headings 41 All of the above transactions took place in December 42 WNB665 Lucky Medical Income Statement For Month Ended December 31, xxx / 18 (scroll down for statement of owners equity) / / Lucky Medical Statement of Owners Equity For Month Ended December 31, xxxx 26 Beginning Blandin Capital 13,900 27 28 Add Net Income 29 Subtract Blandin Withdraws 30 31 Ending Blandin Capital 35 (Similar to the statement of Retained Earnings in the book) Aldi 70 Alignment Number Format as Table - Cells B I VA A HaA. Cell Styles Clipboard Font Styles Lucky Medical Balance Sheet As of December 31, XXXX Assets Liabilities Owner's Equity Ending Blandin Capital Total Assets Total Liabilities and Owner's Equity