The transactions listed below took place at the Mitchell Advertising Agency. These transactions affected the following financial items. Indicate the financial item affected and use plus and minus signs to show the changes caused by each transaction. (2 points per transaction) Accounts: . Cash . Accounts Receivable Equipment Accounts Payable .K. Mitchell, Capital Revenue Expenses 1. Performed services on credit. 2. Paid cash for utilities. 3. Sent a check to a creditor. 4. Issued checks to pay salaries. 5. Purchased a computer for cash 6. Received cash from credit customers. 7. Performed services for cash. 8. The owner made an additional investment of cash. 9. Purchased furniture on credit. 10. Had a computer repaired; payment is due in 30 days. Guy McKinley started the McKinley Charter Services at the beginning of August 2020, On August 31, 2020, the accounting records of the business showed the following information. Please answer the following questions in regards to the financial statements. (2 points per question) Equipment Accounts Receivable Fees Income Boats Gasoline Expense Guy McKinley, Capital (as of August 1, 20--) Loans Payable Boats are an asset Loans Payable is a liability Income Statement Questions: 1. What is the total revenue for the month? 2. What are the total expenses for the month? 3. What is the net income for the month? $ 17,000 2,600 28,000 103,000 6,500 $1,000 77,500 + Rent Expense Cash Salaries Expense Utilities Expense Supplies Withdrawals Statement of Owner's Equity Questions: 1. What is the Guy McKinley, Capital on August 1, 2020? 2. What in the increase in capital for the month of August? 3. What is the Guy McKinley, Capital on August 31, 2020? Balance Sheet Questions: 1. What are the total Assets and total Liabilities and Owner's Equity? $4,500 5,000 9,600 1,900 2,300 4,100