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9. Fay Fedor started a delivery service, Fed Deliveries, on July 1, 2015. The following fransactions occurred during the month of July. July 1 She contributed P100,000 cash 2 Purchased a used van for deliveries for P120,000 by paying P20,000 cash and signed a two-year notes payable for the remaining balance. 3 Paid P15,000 for office rent for the month 5 Delivery services amounted to P44,000, half on account 9 Cash of P2,000 withdrawn by May 12 Purchased supplies for P1,500 on account 15 Received cash of P12,500 for services provided on June 5 17 Purchased gasoline for P7,500 on account 20 Received P15,000 from customers of which P5,000 was for past accounts 23 Made a cash payment of P25,000 on the note payable 26 Received bills for utilities P5,000 but paid only P2,500 29 Paid for the gasoline purchased on account on June 17 30 Paid P30,000 for employee salaries. A third of supplies remained on hand Instructions: a. Show the effect of the above transactions on the accounting equation using the following format. Date Cash Accounts Receivable Supplies Delivery Notes Accounts Van Payable Payable Fedor, Capital (Drawings) Revenues (Expenses) Account Title b. Prepare an income statement for the month of July c. Prepare a classified statement of financial position as at July 31, 2015 10. Refer to Problem 9. Look for the cash on the format you did and analyze its movement (inflow and outflow) in a working paper. Did the cash increase? Explain by citing the net flow of cash in the operating, financing and investing activities of the business