Instructions Labels and Amount Descriptions Income Statement Statement of Owner's Equity Balance Sheet State Instructions Seth Feye established Reliance Financial Services on July 1, 2012 Reliance Financial Services offers financial planning advice to its clients. The effect of each tra Assets Liabilities + Owners Equity + Seth - Seth + Accounts +Fees -Rent -Auto -Misc. Cash Accounts Feye, Receivable Supplies Feye. Earned Payable Capital Drawing Salaries Expense Expense Expense Supplies Expense Expense a +50,000 +50,000 b +7,000 +7,000 Bal 50,000 7,000 7,000 50,000 C 3,600 -3,600 Bal 46,400 7,000 3,400 50,000 d +110,000 +110,000 Bal 156,400 7,000 3,400 50,000 110,000 e -33,000 33,000 Bal 123,400 7,000 3,400 50,000 110,000 -33,000 f -20,800 -16,000 4,800 Bal 102,6001 7,000 3,400 50,000 110,000 -33,000 -16,000 4,800 9 -55,000 55,000 Bal 47,600 7,000 3,400 50,000 110,000 -55,000 -33,000 -16,000 4,800 h 4,500 -4,500 Bal 47,600 2,500 3,400 50,000 L +34,500 110,000 -55,000 33,000 -16,000 4,500 +34,500 4,800 Bal 47,600 34,500 2,500 3,400 50,000 144,500 -55,000 -33,000 -16,000 4,500 4,800 3 -15,000 15,000 Bal 32,600 34,500 2,500 3,400 50,000 15,000 144,500 55,000 33,000 -16,000 4,500 4,800 Required: