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Required information [The following information applles to the questions disployed below] The following events occurred soon after Pat Hopkins established Ona Cloud Corporation (OCC) as

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Required information [The following information applles to the questions disployed below] The following events occurred soon after Pat Hopkins established Ona Cloud Corporation (OCC) as a provider of cloud computing services. a. On September 1, Pat contributed $13,000 for 1,300 shares of OCC. b. On September 8, OCC borrowed $27,000 from a bank, promising to repay the bank in two years. c. On September 10, OCC wrote a check for $26,500 to acquire computer equipment. d. On September 15, OCC received $1,350 of supplies purchased on account. e. On September 16 , OCC paid $3,000 for September rent. 6. Through September 22, OCC provided its customers $9,300 of services, of which OCC collected $7,400 in cash. 9. On September 28, OCC paid $390 for internetand phone service this month. h. On September 29, OCC paid wages of $4,500 for the month. I. September 30, OCC submitted its electricity meter reading online and determined that the total charges for the month will be $650. This amount will be paid on October 14 through a preauthorized online payment. Required: 1. Indicate the accounting equation effects of the September events, using table below. (Enter any decreases to Assets, Liabilities, and Stockholder's Equity with a minus sign.) 1. Indicate the accounting equation effects of the September events, using table below. (Enter any decreases to Assets, Liabilities, and Stockholder's Equity with a minus sign.) 2. Prepare joumal entries to record the September events described above. (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entrv workeheat Required information Record the borrowing of $27,000 from a bank, promising to repay the bank in two years. Note: Enter debits before credits. Required information Record the acquisition of computer equipment for $26,500. Nose: Enter debits belore credits Record the purchase and receipt of $1,350 worth supplies on account. thote: Enter debits before credits. Record the payment of $3,000 for September rent. Notet fnter debes before credits Record the provision of services for $9,300, of which OCC collected $7,400 in cash. Note: Enter debuts before credits. Record the payment of $390 of internet and phone service for the month of September. Notel Enter debits before credits. Record the payment of $4,500 of wages for the month of September. Nate: Enter debits before credits. Record the payment of electricity charges of $650 for the month. This amount will be paid on October 14 through a presuthorized online payment. Notes Enter debits before credits. 3-a. Using your answer to part 1 or 2 , calculate OCC's preliminary net income for September: 3-b. is OCC profitable, based on its preliminary net income? Complete this question by entering your answers in the tabs below. Using your answer to part 1 or 2 , calculate OCC's preliminary net income for September. 3-a. Using your answer to part 1 or 2 , calculate OCC's preliminary net income for September. 3.b. Is OCC profitable, based on its preliminary net income? Complete this question by entering your answers in the tabs below. Is occ profitable, based on its preliminary net income

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