I need help filling out the two pages

First hint: The Cash column should equal $49,910, A/R $900, Supplies $800, Equipment $5200 (these are all under Assets and the balance along the bottom should equal these amounts)

2nd hint: A/P column should be $5200

3rd hint: $9000 wasn't on account....so that means it is cash.

Net income=10610

Read the headings. Assets = Liabilities + Owners Equity

If you run stuck, please ask. Again, do not wait until the last minute to work on this assignment.

Title: Accounting Finance Exercise

As an accountant, your new client Michael Suze needs assistance in setting up his books for his business. To do this successfully, you start by showing him how you perform a transaction analysis based on the accounting equation of Assets = Liabilities + Owners Equity.

You explain to Michael how to show increases and decreases in assets, liabilities and owners equity accounts using the analysis template. To help Michael understand transaction analysis, you reconcile each side of the equation by balancing out each column at the end of the transactions. Complete the attached template using the following Accounts:

Cash

Accounts Receivable

Supplies

Equipment

Accounts Payable

Notes Payable

Suze, Capital

Suze, Drawing

Service Revenue

Rent Expense

Salary Expense

Utilities Expense

Advertising Expense

Assignment Requirements:

Record the transactions listed below.

Prepare an Income Statement

Prepare a Statement of Owners Equity

Prepare a Balance Sheet

1-July	Owner, Michael Suze invested $32,000 in his business, Be Great Athletics.
2-July	Company paid monthly rent, $1200.
3-July	Company bought supplies on account, $800.
5-July	Company paid monthly advertising, $1325.
9-July	Company performed services, $9,000.
12-July	Owner, Michael Suze, withdrew $2,000 for personal use.
15-July	Company performed services on account for $7,400.
17-July	Company paid monthly salaries, $2,500.
20-July	Company made a payment on account, $800.
23-July	Company received $6,500 from a customer on account.
26-July	Company borrowed $11,000 from local bank.
29-July	Company bought equipment on account for $5,200.
30-July	Company paid monthly utilities, $765.

Statement of Changes in Owner's Equity For Month Ended Date, Year Date, Year Assets: \begin{tabular}{|l|l|l|} \hline Cash & & \\ \hline Accounts Recievable & & \\ \hline Supplies & & \\ \hline Equipment & & \\ \hline Total Assets & 0 \\ \hline \end{tabular} Liabilities Accounts Payable Notes Payable Total Liabilities 0 Owner's Equity Michael Suze, Capital Total Liabilities \& Owner's Equity 0 Statement of Changes in Owner's Equity For Month Ended Date, Year Date, Year Assets: \begin{tabular}{|l|l|l|} \hline Cash & & \\ \hline Accounts Recievable & & \\ \hline Supplies & & \\ \hline Equipment & & \\ \hline Total Assets & 0 \\ \hline \end{tabular} Liabilities Accounts Payable Notes Payable Total Liabilities 0 Owner's Equity Michael Suze, Capital Total Liabilities \& Owner's Equity 0