The following transactions occurred during Bono Exterminators's first year of business: (Click the ioon to view the transactions) 1.Show how each transaction affects the accounting equation. 2. Prepare the income statement, statement of changes in shareholders' equity, and statement of cash flows for the month of Juty. Also, prepare the balance sheet at July 31 Requirement 1. Enter each transaction into the accounting equation. Begin by entering transaction a. Then, enter each transaction in the order they occurred. (Use parentheses or a minus sign when entering account decreases. Use only the necessary input lines.) Shareholders Equity Contributed Capital + Retained Earning Transactions Contributed Capltal+ Assets Liabilitles Account Account Account a. Heather and Karen opened up Bono Exterminators by contributing S22,400 on Juty 1, 2009, in exchange a. for common stock. b. b. The firm borrowed $15,000 from the bank on July 1. The note is a 1-year, 8% note, with both principal ar interest to be repaid on June 30, 2010 The firm prepaid a year of rent for $1,150 that started August 1, 2009. c. C. d. The firm paid $1,050 cash for operating expenses for the first month e. The fim eamed $10,000 in revenue the first month. Of that amount, $7,250 was collected in cash. d. f. The firm hired an administrative assistant and paid $555 cash in salary expense for the first month. g. The firm declared and paid distributions to owners in the amount of $2,350 for the first month. h. At the end of the month, $100 of interest payables due but not yet paid on the note from item (b). e, Print Done Choose from any list or enter any number in the input fields and then continue to the next question. The following transactions occurred during Bono Exterminators's first year of business: (Click the ioon to view the transactions) 1.Show how each transaction affects the accounting equation. 2. Prepare the income statement, statement of changes in shareholders' equity, and statement of cash flows for the month of Juty. Also, prepare the balance sheet at July 31 Requirement 1. Enter each transaction into the accounting equation. Begin by entering transaction a. Then, enter each transaction in the order they occurred. (Use parentheses or a minus sign when entering account decreases. Use only the necessary input lines.) Shareholders Equity Contributed Capital + Retained Earning Transactions Contributed Capltal+ Assets Liabilitles Account Account Account a. Heather and Karen opened up Bono Exterminators by contributing S22,400 on Juty 1, 2009, in exchange a. for common stock. b. b. The firm borrowed $15,000 from the bank on July 1. The note is a 1-year, 8% note, with both principal ar interest to be repaid on June 30, 2010 The firm prepaid a year of rent for $1,150 that started August 1, 2009. c. C. d. The firm paid $1,050 cash for operating expenses for the first month e. The fim eamed $10,000 in revenue the first month. Of that amount, $7,250 was collected in cash. d. f. The firm hired an administrative assistant and paid $555 cash in salary expense for the first month. g. The firm declared and paid distributions to owners in the amount of $2,350 for the first month. h. At the end of the month, $100 of interest payables due but not yet paid on the note from item (b). e, Print Done Choose from any list or enter any number in the input fields and then continue to the next