The opening balances of Asset, liability, and Owner's Equity accounts of ROMA business at January 1, 2020 are: Hady, Capital S80,000. Cash $80,000. Office supplies $ 20,000. Accounts payable S 20,000 The following are the transactions of January, 2020: Jan. 2: Purchased office equipment for cash $10,000. 2: Paid rent for three months in advance, $3000. 4 Purchased office supplies on account, $5000. 6: Purchased furniture on account, $8,000. 8: Collected $20,000 cash for services provided. 14: Provided $10,000 worth of services to clients who will not pay until next month. 16: Paid salaries, S6,000. 18: Advertising bill for $7,000 was received but will not be paid until next month. Adjustment Data on January 31 A. Office Supplies on Hand $16,000 B. Prepaid Rent expired S1000. C. Depreciation, on office Equipment S500 D-Depreciation, on furniture S200 E. Accrued Salaries but unpaid $1,000 ROMA is a service business established by MR. Hady from 2 years ago. MR. Hady asked your group to complete the entire accounting cycle for the first Month of 2020 using the following accounts: Asset Accounts: Cash Accounts Receivable Prepaid Rent Office Supplies Office Equipment Accumulated depreciation Office Equipment Furniture Accumulated depreciation- Furniture Liability Accounts: Owner's Equity Accounts Accounts Payable Salaries Payable Hady, Capital Withdrawals Revenue Accounts Fees Revenue Expense Accounts Salaries Expense Advertising expense Rent Expense Office Supplies Expense Depreciation Expense