Mr. Smith owns and operates Company Pine, a professional engineering company. For the month of August 2019, record the following transactions and adjustments in the Integrated Financial Statement Framework on the Answer Document provided. (31 Points) NOTES: Make sure that you provide a title/description of the transaction. Make sure that you use the proper sign.. You do not have to calculate the August 31st balances on the balance sheet. You do not have to complete the Income Statement and the Statement of Cash Flows. However, you will be asked a question about the Income Statement in Question 19. Transactions: 1. Paid $7,200 for Errors \& Omissions ( E&O ) insurance for one year 2. Bought $2,250 of supplies on account 3. Smith invests $15,000 in capital sfock 4. Purchased equipment for $9,710 (paid $3,710 cash and $6,000 bank loan) 5. Paid monthly expenses for wages ($4,860), rent ($600), utilities ($245), miscellaneous ($320) 6. Provided services of $9,840 on account 7. Received cash of $22,630 for fees earned from clients 8. Paid dividends to Mr. Smith of $1,300 Adjustments (Note: Not all adjustments for the month are listed below): a1. E\&O Insurance expired for the month of August a.2. Supplies on-hand August 31st,$1,600 3.3. Equipment depreciation, $150 a.4. Wages owed employees but not paid, \$425 Mr. Smith owns and operates Company Pine, a professional engineering company. For the month of August 2019, record the following transactions and adjustments in the Integrated Financial Statement Framework on the Answer Document provided. (31 Points) NOTES: Make sure that you provide a title/description of the transaction. Make sure that you use the proper sign.. You do not have to calculate the August 31st balances on the balance sheet. You do not have to complete the Income Statement and the Statement of Cash Flows. However, you will be asked a question about the Income Statement in Question 19. Transactions: 1. Paid $7,200 for Errors \& Omissions ( E&O ) insurance for one year 2. Bought $2,250 of supplies on account 3. Smith invests $15,000 in capital sfock 4. Purchased equipment for $9,710 (paid $3,710 cash and $6,000 bank loan) 5. Paid monthly expenses for wages ($4,860), rent ($600), utilities ($245), miscellaneous ($320) 6. Provided services of $9,840 on account 7. Received cash of $22,630 for fees earned from clients 8. Paid dividends to Mr. Smith of $1,300 Adjustments (Note: Not all adjustments for the month are listed below): a1. E\&O Insurance expired for the month of August a.2. Supplies on-hand August 31st,$1,600 3.3. Equipment depreciation, $150 a.4. Wages owed employees but not paid, \$425