Problem 1. Record the following selected transactions for April in a two-column journal, identifying each entry by letter: (a) (c) (d) Received $12,000 from Katie Long, owner. (b) Purchased equipment for $25,000, paying $10,000 in cash and giving a note payable for the remainder. Paid $1,800 for rent for April. Purchased $9,800 of supplies on account. Recorded $2,250 of fees earned on account Received $9,000 in cash for fees earned. Paid $300 to creditors on account. (h) Paid wages of $1,650. Received $1,190 from customers on account. 6) Recorded owner's withdrawal of $2,350. (e) 2. Prepare the financials statements (Income Statement, Statement of Owner;s Equity and Balance Sheet)using the following accounts. The accounts (all normal balances) were taken from the ledger of Sophie Designs Co. on April 30, 2010. Accounts Payable Accounts Receivable Cash Sophie Dawson, Capital Sophie Dawson, Drawing Equipment Miscellaneous Expense $ 4.100 3,450 7,375 17,800 15,500 14,500 850 Rent Expense Salary Expense Fees Earned Supplies Supplies Expense Utilities Expense $11,500 14.000 54.100 3.125 1.700 4,000