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Jay Pembroke started a business. During the first month (Apri-20-u), the following transactions occurred. a. Invested cash in business, $19,000. b. Bought office supplies for

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Jay Pembroke started a business. During the first month (Apri-20-u), the following transactions occurred. a. Invested cash in business, $19,000. b. Bought office supplies for $4,600:$1,900 in cash and $2,700 on account: c. Paid one-your insurance premium, $1,300. d. Earned revenves totaling $3,400:$1,400 in cash and $2,000 on account. c. Paid cash on account to the company that supplied the office supplies in transaction (0),52,350. f. Paid office rent for the month, 5700 . 9. Withdrew cash for personal use, $100. The effect of each transaction is shown in the individual accounts of the expanded accounting equation. Use the information to prepare a balance sheet for Jay Pembroke as of April 30, 20--. Jay Pembroke Income Statement For Month Ended April 30, 20-- Revenues: Service fees $3,400 Expenses: Rent expense Net income 700$2,700 Jay Pembroke Statement of Owner's Equity For Month Ended April 30, 20-- Jay Pembroke, capital, April 1, 20-- Investment during April Total investment $19,00019,000 Net income for April $2,700 Less withdrawals for April 100 Increase in capital Jay Pembroke, capital, April 30, 20-- 2,600$21,600

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