No. 1 234 Assets Liabilities Owner's Equity Accounts Accounts Owner's Owner's Cash + Receivable + Supplies + Equipment = Payable + Capital - Drawings + Revenue - Expense +$15,000 +$15,000 -7,000 +1,200 597 6 +1,500 +$2,000 -600 -900 -200 899 -250 +600 -600 10 -1,300 +$7,000 +$1,600 +$1,600 +250 -250 -$1,300 +$1,200 -$250 +3,500 -600 -900 -200 $ 8,050+ $1,400 + $1,600 + $7,000 = $1,600 $15,000 $1,300 + $4,700 $1,950 Requirement: 1. Write down the transaction that occurred for the month. (5 marks) 2. Prepare T accounts (Ledger account) (5 marks) 3. Prepare Trial Balance 4. Prepare Income Statement and 5. Prepare Balance Sheet (4 marks)