Sonya Bobula recently started her own cabinet repair business. Transactions for the first month of operations (February 2019) are as follows. 1) Sonya invested $15,300 cash in the business. 2) Paid two months of rent for $1,100 in advance. 3) Purchased store equipment worth $2,300 with cash. 4) Incurred business registration expenses, paid with $630 cash. 5) Paid travel expenses with $1,000 cash. 6) Received $2,720 cash from customers for cabinet repair services performed during the month. 7) Provided cabinet repair services worth $1,650 on account. 8) Paid $1,230 to an assistant. 9) Borrowed $1,280 cash from the bank. 10) Received $900 in bills for utilities to be paid next month. 11) Sonya withdrew $940 cash for personal purposes. 12) Received $580 owing from a customer for service provided earlier this month. Required Record the above transactions on the T-Account worksheet. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. The T-Account fields are labeled by transaction number. Record each transaction by entering the value into the corresponding T- Account field. Bobula Cabinet Repair Balance Sheet Opening: $ As at February 29, 2019 Assets Increase Decrease Cash Transaction #1 Transaction #2 Liabilities Decrease Increase Accounts Payable Opening: $ Transaction #1 Transaction #2 Transaction # 3 Transaction #3 Transaction # 4 Transaction #4 Transaction #5 Transaction # 5 Transaction #6 Transaction #6 Transaction # 7 Transaction # 7 Transaction # 8 Transaction #8 Transaction #9 Transaction # 9 Transaction # 10 Transaction # 10 Transaction # 11 Transaction # 11 Transaction # 12 Transaction # 12 Ending: $ Ending: $ Increase Decrease Decrease Increase Accounts Receivable Bank Loan Opening: $ Opening: $ Transaction #1 Transaction # 2 Transaction #1 Transaction #2 Transaction #3 Transaction # 3 Transaction # 3 Transaction # 3 Transaction # 4 Transaction # 4 Transaction #5 Transaction #5 Transaction # 6 Transaction # 6 Transaction # 7 Transaction # 7 Transaction # 8 Transaction # 8 Transaction # 9 Transaction # 9 Transaction # 10 Transaction # 10 Transaction # 11 Transaction # 11 Transaction # 12 Transaction # 12 Ending: $ Ending: $ Increase Decrease Decrease Increase Prepaid Rent Bobula, Capital Opening: $ Opening: $ Transaction #1 Transaction # 1 Transaction #3 2 Transaction # 2 Transaction # 3 Transaction # 3 Transaction #4 Transaction # 4 Transaction # 5 Transaction # 5 Transaction # 6 Transaction # 6 Transaction # 7 Transaction #3 7 Transaction # 8 Transaction # 8 Opening: $ Transaction # 1 Transaction #2 Equipment Transaction #1 Transaction # 2 Transaction # 3 Transaction # 3 Transaction #4 Transaction # 4 Transaction #5 Transaction # 5 Transaction #6 Transaction #6 Transaction #7 Transaction #7 Transaction #8 Transaction #8 Transaction #9 Transaction # 9 Transaction # 10 Transaction # 10 Transaction #11 Transaction # 11 Transaction #12 Transaction # 12 Ending: $ Total Assets Total Liabilities $ Owner's Equity $ Ending: $ Bobula, Withdrawals Bobula Cabinet Repair Income Statement For the Month Ended February 29, 2019 REVENUE Decrease - Increase + Decrease - Increase + Transaction #1 Transaction # 2 Transaction # 3 Transaction # 4 Transaction # 5 Transaction # 6 Transaction #7 Transaction #8 Transaction # 9 Transaction # 10 Transaction # 11 Transaction # 12 Ending: $ minus Expenses Increase Decrease Increase Decrease Registration Salaries Transaction #1 Transaction #1 Transaction # 2 Transaction #2 Transaction # 3 Transaction # 3 Transaction #4 Transaction # 4 Transaction #5 Transaction # 5 Transaction #6 Transaction #6 Transaction #7 Transaction #7 Transaction #8 Transaction # 8 Transaction # 9 Transaction #9 Transaction # 11 Transaction Transaction # 12 Ending: $ Increase Decrease Travel Transaction #1 Transaction #2 Transaction Ending: $ In Transaction Transaction Transaction # 3 Transaction Transaction # 4 Transaction Transaction #5 Transaction Transaction # 6 Transaction Transaction # 11 Transaction #12 Ending: $ Increase Decrease Travel Transaction #1 Transaction #2 Transaction # 11 Transaction # 12 Ending: $ Increase Decrease Utilities Transaction #1 Transaction # 2 Transaction #3 Transaction #3 Transaction # 4 Transaction # 4 Transaction # 5 Transaction #5 Transaction #6 Transaction #6 Transaction #7 Transaction #7 Transaction #8 Transaction #8 Transaction #9 Transaction #9 Transaction # 10 Transaction # 10 Transaction # 11 Transaction # 11 Transaction #12 Ending: $ Transaction # 12 Ending: $ Total Revenue Total Expenses Net Income (Loss) b) If Sonya forgot to record some service revenue for the month, what impact would that have on Net Income? Net income would based on the missing revenue that has been earned