Jay Pembroke started a business. During the first month (April 20--), the following transactions occurred. a. Invested cash in business, $18,000. b. Bought office supplies for $4,600: $2,000 in cash and $2,600 on account. c. Paid one-year insurance premium, $1,200. d. Earned revenues totaling $3,300: $1$200 in cash and $2,000 on account. e. Pald cash on account to the company that supplied the office supplies in transaction (b), $2,300. f. Paid office rent for the month, $750. 9. Withdrew cash for personal use, $100. Required: Show the effect of each transaction on the individual accounts of the expanded accounting equation: Assets = Liabilities + Owner's Equity (Capital - Drawing + Revenues - Expenses). After transaction (9), report the totals for each element. Use the minus sign to indicate a decrease or reduction in the account. If an amount box does not require an entry, leave it blank. Assets Liabilities + Owner's Equity (Amts. (Items Owned) Owed) (Owner's Investment) (Earnings) Cash + Accounts Receivable Office Supplies Prepaid Insurance Accounts Payable J. + Pembroke, Capital J. Pembroke, + Revenues Drawing Exper a b. Check My Work Previous Next > gamente siet Demonstrate that the consequation has remained in balance Acontece O spilles Total Assets Accounts payable Jay Pembroke, capital Jay Pembroke, drawing Service fees Rent expense Total Liabilities and Owner's Equity Previous Check My Work Next >