1. Journalize ach of the following transactions. Assume the following account numbers: Cash: 101; Accounts Receivable, 110; Supplies, 115; Accounts Payable, 201; Doe, Capital, 301; Doe, Drawing, 302; Landscaping Fees, 401; Utilities Expense, 502; Advertising Expense, 510. The year is 2021.

July 1: Doe starts a landscaping business by investing $220,000.

July 5: Doe withdraws $1600 from business for personal use.

July 7: Doe perform $10,000 worth of services for a client the client makes a $5000 down payment and finances the balance.

July 9: Doe purchases supplies for $6000; he makes a down payment of $1000 and finances the balance

July 11: Doe pays his Con Edison bill, $500

July 14: Doe pays $1000 for advertising.

July 25: Refer to July 7 transaction. The client pays $1000 of the amount owed.

July 31: Refer to July 9 transaction. Doe pays $2000 of the amount owed.

2. Based on the data below, complete an Income Statement, Statement of Owners Equity, and a Balance Sheet for Poe, Inc.:

Cash = $65,000

Accounts Receivable = $25,000

Equipment = $165,000

Accounts Payable = $20,000

Poe, Capital = $115,000

Poe, Drawing = $5000

Service Fees = $160,000

Rent Expense = $25,000

Utilities Expense = $10,000