The following events apply to Bowman's Cleaning Service for 2016. 1). Issued stock for $44,000 cash. 2).On May 1, paid $27,000 for one year's rent in advance. 3). Purchased on account $4,500 of supplies to be used in the business. 4). Performed services of $68,400 and received cash. 5). At December 31, adjusted the records for the expired rent. 6). At December 31, an inventory of supplies showed that S660 of supplies were still unused. Required: Draw an accounting equation and record the effects of the above events under the appropriate account headings. Events Assets Liability Stockholders' Equity Cash Supplies Prepaid Account Comm Retained Rent Payable Stock Earnings 2