Question 1 130 marks. Cecil Jameson, Attormey-at-Law, is a proprietorship owned and operated by Cecil Jameson. On July 1, 2005, Cecil Jameson, Attorney-at-Law has the following assets and liabilities: land, S 10,000: accounts payable.$ 1.530. Office space and office equipment are currently being (ented pending the construetton of an office complex on and paurchased ast year accounts receivable, S 3,200; supplies, $850; Business transactions during July are summarized as follows: @ Received cash from clients for services, $3928 Paid creditors on account, $1055 A Received cash from Cecil Jameson as an additional investment, s 3,700. ope cal, $ 3.200, Paid office rent for the month, S Purchased office supplies on account 245 Charged clients for legal services gn account, $3000. Pe Received payment from clients for previous services that w 3000 Pa- N Received in voice for paralegal services from Legal Aid Inc. for July (to be paid on August 1O, S 1,633 Paid the operating ses of the month $875 Jameson withdrew $1 cash from the business for personal use repare a balance sheet as of July 31, 2005. Cash worker will operate both machines one by one. The worker has good skeill, almost good effort