Question 2 Maria Greene started her own business, We Do Windows, She offers interior and exterior window cleaning for local area residents. Greene rents a garage to store her tools and cleaning supplies and has a part-time assistant to answer the phone and handle third-story work. The transactions for the month of July are as follows: (a) On the first day of the month, Greene invested cash by making a deposit in a bank account for the business, $8,000 (b) Paid rent for July, $150. (e) Purchased a used van for cash, 55,000 (d) Purchased tools on account from Clean Tools, S600 (e) Purchased cleaning supplies that cost $300. Paid $200 cash and will pay the balance next month, $100. ( Paid part-time assistant (wages) for first half of month, 5100. (g) Paid for advertising, $75. (h) Paid two-year premium for liability insurance on van, $480 Received cash from clients for services performed, $800. Performed cleaning services for clients on account, $500 (k) Paid telephone bill, $40. (1) Received cash from clients for window cleaning performed on account in transaction G). $200. (m) Paid part-time assistant (wages) for last half of month, S150. (n) Made partial payment on tools purchased in transaction (d), S200, (o) Earned additional revenues amounting to $800: $600 in cash and $200 on account. (p) Greene withdrew cash at the end of the month for personal expenses. $100. Required: Prepare an accounting equation from the transactions given above. (10 marks)