Jul 1 Jul 2 Jul 3 Jul 5 Jul 9 Jul 12 Jul 15 Joey Tribianni started his own legal agency, Tribianni Agency, on July 1, 2022. The following transactions occurred during the month of July: Joey invested $7,000 cash and equipment worth of $14,000 in the business. Paid $2,400 for the month's office rent. Purchased $600 of supplies for cash. Country News billed Tribianni Agency $250 for the advertisement service provided. Received $4,000 cash for services performed. Joey withdrew $500 cash for personal use. Performed $7,400 of services on credit. Jul 17 Paid half the amount due (on July 5) to Country News. Jul 20 Jul 23 Jul 26 Jul 29 Jul 30 Paid $1,700 as employee salaries. Received $4,700 for services performed on account on July 15. Borrowed $5,000 for the business from Ceetee Bank. Purchased equipment worth $4,200 on credit. Paid $275 for utilities. Questions a) Prepare a tabular analysis of the transactions listed above, including the balances at the end, to indicate the effect of each transaction on the accounting equation. b) What is the net income/loss of the company for the month? c) What is the value for total liabilities of the company at the end of the month? Instructions Solve the questions using pen and paper (with clear handwriting), and submit the paper(s) to me in the classroom on October 8, Saturday. Write your full name, student ID and section no. on your answer sheet. Deadline: 1:00 PM on October 8, Saturday. LATE SUBMISSIONS WILL NOT BE GRADED. Failure to follow instructions will lead to deduction of marks.