Lisa Vozniak started her own business, We Do Windows. She offers interior and exterior window cleaning for local area residents. Lisa rents a garage to store her tools and cleaning supplies and has a part-time assistant to answer the phone and handle third-story work. (Lisa is afraid of heights.) The transactions for the month of July are as follows: (a)Lisa invested cash by making a deposit in a bank account for the business, $8,000.(b)Paid rent for July, $150.(c)Purchased a used van for cash, $5,000.(d)Purchased tools on account from Clean Tools, $600.(e)Purchased cleaning supplies that cost $300. Paid $200 cash and will pay the balance next month, $100.(f)Paid part-time assistant (wages) for first half of month, $100.(g)Paid for advertising, $75.(h)Paid two-year premium for liability insurance on van, $480.(i)Received cash from clients for services performed, $800.(j)Performed cleaning services for clients on account, $500.(k)Paid phone bill, $40.(l)Received cash from clients for window cleaning performed on account in transaction (j), $200.(m)Paid part-time assistant (wages) for last half of month, $150.(n)Made partial payment on tools purchased in transaction (d), $200.(o)Earned additional revenues amounting to $800: $600 in cash and $200 on account.(p)Vozniak withdrew cash at the end of the month for personal expenses, $100.Required: 1.Enter the above transactions in an accounting equation similar to the one illustrated below.Assets=Liabilities+Owners Equity(Items Owned)(Amounts Owed)(Owners ...

3.Prepare an income statement for We Do Windows for the month of July 20--.4.Prepare a statement of owners equity for We Do Windows for the month of July 20--.5.Prepare a balance sheet for We Do Windows as of July 31, 20--

produce Income statement, statement of owners equity and balance sheet