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cashing in the 57.00 which $2.500 is received in cash and the balance is PROBLEMS: SETB P1-13 Solis Repair Shop was started on May 1 by Soki Lee. A summary of May transac Alvorad tiomis presented below ce 1. Invested $10,000 cash to start the pair shop 06 2. Purchased equipment for 55.000 cash XLS 1. Paid $400 cash for Mayotticerent & Received 56,100 in cash from customer fee repair service Pald part-time employee salaries 52.000 Paid utility bills $170. 10. Performed repor services worth $750 on account 11. Collected cash of $120 for services billed in transaction (10). 42 1 Accounting in Action Instruction (a) Prepare a tabular analysis of the transactions, using the following column heading: Cash. Accounts Receivable Supplies Equipment, Accounts Payable. Owner's Capital Owner's Drawings, Revenues, and Expenses. (b) From an analysis of the owner's gully columns, compare the net income or net loss for May P1-28 Peter Nimmeropened a veterinary business in Nashville, Tennessee on August I. 2014. On August 31. the balance sheet showed Cash $9,000. Accounts Receivable 51.700 wwwroom, and Supplies $600. Equipment 56,000. Accounts Payable $3.600, and Owner's Capital $13,700. Durin September, the following transactions accurred LO7 1. Paid $2,900 cash on accounts payable 2. Collected $1,300 of certain rechable. 3. Purchased additional equipment for $2.100. paying $800 in cash and the balance on October 5. Withdrew 1,100 cash for personal 6. Paidat $1,700. rent for September $900 and advertising expense $450. 7. Incurred utilities expense for month on account $170. 8. Received $10.000 from Capital Bank (money borrowed on a note payablek Totalt 29,350 (a) Prepare a tabular analysis of the September transactions beginning with August 31 balance. The column heading should be as follows: Cash + Accounts Receivable+ Supplies + Equipment - Notes Payable Accounts Payable + Owner's Capital Owner's Drawings Revenues - Expenses e income 54.580 (b) Prepare an income statement for September an owner's equity statement for September Ending cool 17.100 and a balance sheet at September 30 Hustration