Transaction Analysis Grant Appraisal Service provides commercial and industrial raisals and feasibility studies. On January 1, the assets and liabilities of the iness were the following Cash Accounts Receivable 14,800 Accounts Payable Notes Payable Common Stock Retained Earnings 3,000 $9,700 600 2,500 18,400 The following transactions occurred during the month of January: Jan 1 Paid rent for January $950 8,800 500 1,600 5 Borrowed from a bank and signed a note payable for that amount. 5,000 6 Billed the city for a feasibility study performed in the amount of 6,200 1,900 4,000 410 6,000 9,800 50 2 Received payment on customers accounts. 3 Paid on accounts payable 4 Received for services performed for cash customers and billed various other credit customers in the amount of 7 Paid the salary of an assistant. 8 Received invoice for January utilities. 9 Paid cash for employee salaries 10 Purchased a van with cash on January 31 for business use 11 Paid to bank as January interest on outstanding note payable Required (a) Set up an accounting equation in columnar form with the following individual assets, liabilities, and stockholders' equity accounts: Cash, Accounts Receivable Van, Accounts Payable, Notes Payable, Cmmon Stock, and Retained Earnings Enter the lanuary 1 balances below each item (Note: Th beginhing Van account balance is $0.) b) Show the impact (increase or decrease) of transactions 1-11 on the beginning alances, and total the columns to show that assets equal liabilities plus stockholders' equity as of January 31 ptoakheidens eqtity e or iamuart 3T.ow that assets equal liablities plus