main.do invokera&takeAssignmentSession.ocator &inprogress=false eBook Effect of Transactions on Accounting Equation 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. Pald one-year Insurance premium, $1,200. d. Earned revenues totaling $3,300: $1,300 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. Pald 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=Labides + Owner's Drawing + Revenues - Expenses). After transaction (o), report the totals for each element. Use the minus sign to indicate a decreas account. If an amount box does not require an entry, leave it "blank or enter" Assets Liabilities Owner's Equity (Items Owned) (Amts Owed) (Owner's Investment) Cash Office Accounts Receivable Supplies Prepaid Insurance Accounts Payable Pembroke, Pembroke Reventes Capital Drawing Check My Work 1 + ES D FO 5 6 & 7 8 9 0 21 Online teacher X + ment/take Assignment Main.do?invokerStake AssignmentSession locator &inprogress=false Book Liabilities Owner Squity Ow en Owned) Ownevestment nccounts Rail Account Wavabile Expenser Prmbroke Capital Pembroke, Dewi a b 1 Bal Demonstrate that the accounting ustion has remains Accounts recable Dusk My Work c - O G 3 3 wis2011 2 S 4 % 5 & 7 Il + 6 8 g 0 R IT T Y U O F G . J K L Demonstrate that the accounting equation has remained in balance. Cash Accounts receivable Office supplies Prepaid insurance Total Assets Accounts payable 7 Jay Pembroke, capital Jay Pembroke, drawing Service fees Rent expense Total Liabilities and Owner's Equity Check My Work o Rele B 7 F8 FO Fio F11 07