On September 1 of the current year, Maria Edsall established a business to manage rental property. She completed the following transactions during September: a. opened a business bank account with a deposit of $40,000. from personal funds. b.purchased supplies on account, $2,200. c. received cash from fees earned for managing rental property, $6,000 d. paid rent on office and equipment, 2,700. e. paid creditors on account, $1,000. f. billed customers for fees for managing property, $5,000 g. paid automobile expenses, $300. h. paid ofifce salaries, $1,900. i. determined that the cost of supplies on hand was $1,300., therefore, the cost of supplies used was $900. j. Withdrew cash for personal use, $1,800. Question: Indicate the effect of each transaction and the balances after each transaction, using the following tabular headings: Assets =liabiliyies+ owner's equity ________________________________________________________________________________________ Accounts Accounts Maria' Maria Fees Rent Salaries Auto Misc Cash+Receivables+Supplies= Payable + Capital - Drawing + Earned -Expense - Expense - Expens 2. Briefly explain why the owner's investment and revenues increased owner's equity, while withdrawals and expenses decreased owner's equity