The following ten transactions occurred during the July grand opening of the Pancake Palace. Assume all Owner's Equity transactions relate to the primary purpose of the business. A. Calculate the ending balance for each account. For those boxes in which you must enter subtractive or negative numbers use a minus sign. Assets Liabilities Owner's Equity Accounts Wages Owner's Cash Inventory Equipment Payable Payable Equity Withdrawals 1 $54,050 $54,050 2 (6,300) $6,300 3 $24,500 $24,500 4 1,250 $1,250 5 (750) (750) 6 600 (600) 7 8 3,200 9 10 (1,000) 1,000 50,450 6,300 25,500 25,275 3,675 $3,675 (3,675) 3,200 175 (175) Ending Balance A-L+ OE B. Create the Income Statement. Use minus sign to indicate the loss. Pancake Palace Income Statement For the Month Ended July 31 Revenues 4,450 Expenses 5,200) Net Income 750 C. Create the Statement at Owner's Equity. It an amount box requires a zero, enter "0". For those boxes in which you must enter subtractive or negative numbers use a minus sign. Cheesy Chuck's Classic Corn Statement of Owner's Equity For the Month Ended June 30, 2018 Chuck, Capital: June 1, 2018 Increases: Net Income(Loss) $0 Total Increase Decreases: Withdrawals by Owner Total Decrease Chuck, Capital: June 30, 2018 D. Create the Balance Sheet. For those boxes in which you must enter subtractive or negative numbers use a minus sign. Pancake Palace Balance Sheet July 31 Assets: Total Assets Liabilities: Total Liabilities Total Liabilities and Owner's Equity