On June 1 of this year, J Larkin, Optometrist, established the Larkin Eye Clinic The clinic's account names are presented below Transactions completed during the month follow Assets Liabilities Owner's Equity Office Accounts Cash Supplies Equipment Payable Capital Drawing Revenue Expenses Larkin deposited $21,000 in a bank account in the name of the business Paid the office rent for the month, $1,160, Ck No 1001 (Rent Expense) Bought supplies for cash, $350, Ck No 1002 Bought office equipment on account from NYC Office Equipment Store, $7,840 Bought a computer from Warden's Office Outfitters, $1,490, paying $690 in cash and placing the balance on account, Ck No 1003 Sold professional services for cash, $4,990 (Professional Fees) Paid on account to Warden's Office Outfitters, $800, Ck No 1004 Received and paid the bill for utilities, $510, Ck No 1005 (Utilities Expense) Paid the salary of the assistant, $1,350, Ck No 1006 (Salary Expense) Sold professional services for cash, $4,280 (Professional Fees) Larkin withdrew cash for personal use, $2,650, Ck No 1007 Required Record the transactions and the balances after each transaction After all transactions have been entered, enter the total assets and the total liabilities plus owner's equity in the entry boxes below the transactions If the two totals are not equal, first check the addition and subtraction If you still cannot find the error, re analyze each transaction Enter increases to accounts as positive amounts and decreases to accounts as negative amounts If an amount box does not require an entry, leave it blank or enter 0 Assets Liabilities Owner's Equity Office Accounts J Larkin, J Larkin, Cash Supplies Equipment Payable Capital Drawing Revenue Expenses (a) (b) Bal (c) Bal (d) Bal (e) Bal (f) Bal (g) Bal (h) Bal (i) Bal (j) Bal (k) Bal Assets $ Liabilities and Owner's Equity $

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On June 1 of this year, J. Larkin, Optometrist, established the Larkin Eye Clinic. The clinic's account names are presented below. Transactions completed during the

On June 1 of this year, J. Larkin, Optometrist, established the Larkin Eye Clinic. The clinic's account names are presented below. Transactions completed during the month follow.

Assets

Liabilities

Owner's Equity

Office

Accounts

Cash

Supplies

Equipment

Payable

Capital

Drawing

Revenue

Expenses

Larkin deposited $21,000 in a bank account in the name of the business.
Paid the office rent for the month, $1,160, Ck. No. 1001 (Rent Expense).
Bought supplies for cash, $350, Ck. No. 1002.
Bought office equipment on account from NYC Office Equipment Store, $7,840.
Bought a computer from Warden's Office Outfitters, $1,490, paying $690 in cash and placing the balance on account, Ck. No. 1003.
Sold professional services for cash, $4,990 (Professional Fees).
Paid on account to Warden's Office Outfitters, $800, Ck. No. 1004.
Received and paid the bill for utilities, $510, Ck. No. 1005 (Utilities Expense).
Paid the salary of the assistant, $1,350, Ck. No. 1006 (Salary Expense).
Sold professional services for cash, $4,280 (Professional Fees).
Larkin withdrew cash for personal use, $2,650, Ck. No. 1007.

Required:

Record the transactions and the balances after each transaction.
After all transactions have been entered, enter the total assets and the total liabilities plus owner's equity in the entry boxes below the transactions. If the two totals are not equal, first check the addition and subtraction. If you still cannot find the error, re-analyze each transaction. Enter increases to accounts as positive amounts and decreases to accounts as negative amounts. If an amount box does not require an entry, leave it blank or enter "0" .

Assets

Liabilities

Owner's Equity

Office

Accounts

J. Larkin,

Cash

Supplies

Equipment

Payable

Capital

Drawing