- The accountant for the firm owned by Vincent Sutton prepares financial statements at the end of each month. Transactionst a. Sutton invested $158,000 in cosh to start the business. b. Paid $5,800 for the current month's rent. c. Bought office furniturefor $16,520 in cash. d. Performed services for $8,000 in cash. e. Paid $1,230 for the monthly telephone bill. f. Performed services for $13,800 on credit. 9. Purchased a computer and copier for $37,600, paid $12,800 in cash immediately with the balance due in 30 days. h. Received $6,900 from credit clients. 1. Paid $3,800 in cash for office cleaning services for the month. 1. Purchased additional office chairs for $5,600; recelved credit terms of 30 days. k. Purchased office equipment for $38,000 and paid half of this amount in cash immediately, the balance is due in 30 days. 1. Issued a check for $9.200 to pay salaries. 7. Porformed services for $14,300 in cash. n. Performed services for $15,800 on credit. Q. Collected $7,800 on accounts recelvable from charge customers. p. Issued a check for $2,800 in partial payment of the amount owed for office chairs. q. Paid $680 to a duplicating company for photocopy work performed during the month. f. Paid $1,200 for the monthly electric bill. 5. Sutton withdrew $8,800 in cash for personal expenses. Required: Prepare a trial balance, an income statement, a statement of owner's equity, and a balance sheet. Assume that the transactions took piace during the month ended June 30,201. Determine the account balances before you start work on the financial statements. Analyze: What is the change in owner's equity for the month of June? Complete this question by entering your answers in the tabs below. Determine the account balances and prepare a trial balance for the month ended June 30,201. Complete this question by entering your answers in the tabs below. Prepare an income statement for the month ended June 30,201. 5. Sutton withdrew $8,800 in cash for personal expenses. Required: Prepare a trial balance, an income statement, a statement of owner's equity, and a balance sheet. Assume that the transactions took place during the month ended June 31, 20X1. Determine the account balances before you start work on the financial statements. Analyze: What is the change in owner's equity for the month of June? Complete this question by entering your answers in the tabs below. Prepare a statement of owner's equity for the month ended June 30,201. Requlred: Prepare a trial balance, an income statement, a statement of owner's equity, and a balance sheet. Assume that the transactions took place during the month ended June 30,20X1. Determine the account balances before you start work on the financial statements. Analyze: What is the change in owner's equity for the month of June? Complete this question by entering your answers in the tabs below. Prepare a balance sheet for the month ended June 30,201. 9. Purchased a computer and copier for $37,600; paid $12,800 in cash immediately with the balance due in 30 days. h. Received $6,900 from credit clients. h. Paid $3,800 in cash for office cleaning services for the month. 1. Purchased additional office chairs for $5,600; recelved credit terms of 30 days. k. Purchased office equipment for $38,000 and paid half of this amount in cash immediately, the balance is due in 30 days. 1. Issued a check for $9,200 to pay salaries. n. Pertormed services for $14,300 in cash. n. Performed services for $15,800 on credit. a. Collected $7,800 on accounts recelvable from charge customers. p. Issued a check for $2,800 in partial payment of the amount owed for office chairs. q. Paid $680 to a duplicating company for photocopy work performed during the month. r. Paid $1,200 for the monthly electric bill. s. Sutton withdrew $8,800 in cash for personal expenses. Required: Prepare a trial balance, an income statement, a statement of owner's equity, and a balance sheet. Assume that the transactions place during the month ended June 30, 20X1. Determine the account balances before you start work on the financial statement Analyze: What is the change in owner's equity for the month of June? Complete this question by entering your answers in the tabs below. What is the change in owner's equity for the month of June