Problem 2-10A

2-9A (LO3/4) Total cash following (gl):$12,950 EFFECT OF TRANSACTIONS ON ACCOUNTING EQUATION Jay Pembroke started a business. During the first month (April 20-), the following transactions occurred. CLGL (a) Invested cash in business, $18,000. (b) Bought office supplies for $4,600- $2,000 in cash and $2,500 on ccount (c) Paid one year insurance premium, $1,200 (d) Earned revenues toteling $3,300: 51,300 in cash and $2.00 (e) Paid cash on account io the company tha: supplied the orice sup lies transaction, $2,300 f) Paid office rent for the ionch, $750 (g) Withdrew cash for personal use, $100. REQUIRED Show the effect of each transaction on the individual accounts of the expanded account- ing equation: Assets = Expenses the accounting equation has remained in balance. Liabilities + Oumer's Equity (Capital-Drawing + Revenues ). After transaction (g), report the totals for each element. Demonstrate that 2-10A (LO5) Net income: $2,550 INCOME STATEMENT Based on Problem 2-9A, prepare an income st Jay Pembroke for the month of April 2 CLGL SHOW ME HOW