Please prepare a Balance Sheet for the following transactions:attention to required2

Mark Jacobs established Jacobs Services in August by contributing $30,000 cash from his personal savings to the business in exchange for 100% of the common stock. Jacobs Services had the following transactions in September. September 1 Purchased equipment with a price of $15,000 by paying $5,000 cash and signing a note for the remaining balance. Paid $2,400 cash for a one-year (or 12-month) premium toward insurance. Paid September rent of $3,000. September 2 September 3 September 5 September 8 Purchased $4,000 of supplies on credit. Performed serviced and received $1,000 cash. September 10 Billed clients $8,500 for services performed. September 12 Received an advance of $3,000 cash from a client for a project to be delivered in November September 18 September 24 September 30 Collected $8,500 cash from clients toward their accounts billed on September 10. Paid $4,000 for the supplies purchased on September 5. Paid $100 cash for newspaper advertising to be aired in October. Paid $5,000 September salaries. Billed clients $6,000 for services performed. Declared and paid cash dividends of $2,000. September 30 September 30 September 30 Required 1. Record the effects of each of above transactions for September using the financial statement effects template (note, some accounts have balances on September 1). 2. Continue in the FSET to record the effects of the following adjustments to the following accounts: insurance expense, supplies expense, depreciation expense and interest expense. Supplies still available on September 30 amount to $2,200. Depreciation on equipment for September was $300. The annual interest on the note is 6% and interest is paid when the note is due. 3. Record the about transactions for September using journal entries. 4. Set up T-accounts for the following accounts: cash, accounts receivable, supplies, prepaid insurance, prepaid ad, equipment, accumulated depreciation, accounts payable