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Karen White opened her interior design firm, KM Designs. Transactions made by KM Designs for the month of August are shown below. 1. The owner

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Karen White opened her interior design firm, KM Designs. Transactions made by KM Designs for the month of August are shown below. 1. The owner invested $16,000 cash in the business. 2. The company purchased $6,400 of office equipment on credit. 3. The company received $4,800 cash in exchange for services performed. 4. The company paid $640 fol utilities in August. 5. The owner withdrew $1,600 cash for personal use. Prepare s transaction analysis using T-accounts. Prepare a transaction analysis using T-accounts. Prepare a transoction analysis using T-accounts. Compute riet income

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