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P1.7B Lynn Barry started her own consulting firm, Barry Consulting, on June 1, 2021. The following transactions occurred during the month of June: June 1

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P1.7B Lynn Barry started her own consulting firm, Barry Consulting, on June 1, 2021. The following transactions occurred during the month of June: June 1 Sold her shares in Big Country Airlines for $7,000, which she deposited in her personal bank account. 1 Transferred $6,000 from her personal account to a business account in the name of Barry Consulting. 2 Paid $900 for office rent for the month. Purchased \$545 of supplies on account. Paid $95 to advertise in the County News. Received $3,275 for services provided. Withdrew $600 for personal use. Performed $5,000 of services on account. Paid $1,800 for employee salaries. 21 Received $3,000 for services provided on account on June 15. 22 Paid for the supplies purchased on account on June 3. 25 Signed a contract to provide consulting services to a client for $5,500. Services will be performed and paid for in July. 26 Borrowed $5,500 from the bank and signed a note payable. 29 Used part of the cash borrowed from the bank on June 26 to purchase equipment for $2,150. 30 Paid $150 for telephone service for the month. 30 Received $2,500 from client for consulting to be provided in July. Instructions: a. Prepare a tabular analysis of the effects of the above transactions on the accounting equation. ( 25 b. Prepare an Income Statement and owner's equity for the month ended June 30. c. Prepare a balance sheet at June 30

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