Transactions: a. Nguyen invested $142,000 in cash to start the business. b. Paid $4,200 for the current month's rent. c. Bought furniture for $14,920 in cash. d. Performed services for $9,000 in cash. e. Paid $1,070 for the monthly telephone bill. f. Performed services for $14,800 on credit. g. Purchased equipment, a computer and copier, for $34,400; paid $11,200 in cash immediately with the balance due in 30 days. h. Received $7,400 from credit clients. i. Paid $2,200 in cash for office cleaning services for the month (debit miscellaneous expense). j. Purchased furniture, office chairs, for $4,000; received credit terms of 30 days. k. Purchased equipment for $22,000 and paid half of this amount in cash immediately; the balance is due in 30 days. I. Issued a check for $7,600 to pay salaries. m. Performed services for $15,300 in cash. n. Performed services for $16,800 on credit. o. Collected $6,200 on accounts receivable from charge customers. p. Issued a check for $2,000 in partial payment of the amount owed for office chairs. q. Paid $520 to a duplicating company for photocopy work performed during the month (debit miscellaneous expense). r. Paid $1,040 for the monthly electric bill. s. Nguyen withdrew $7,200 in cash for personal expenses. Required: Prepare a trial balance, an income statement, a statement of owner's equity, and a balance sheet. Assume that the transactions took place during the month ended June 30, 20X1. Determine the account balances before you start work on the financial statements. Analyze: What is the change in owner's equity for the month of June? Complete this question by entering your answers in the tabs below. Trial Balance Income Statement Statement of Owners Equity Balance Sheet Analyze Determine the account balances and prepare a trial balance for the month ended June 30, 20X1. VIN NGUYEN, LANDSCAPE CONSULTANT Trial Balance June 30, 20X1 Account Name Debit Credit Cash Vin Nguyen, Capital Rent expense Furniture Fees income Telephone expense Accounts receivable Accounts payable Equipment Salaries expense Miscellaneous expense Vin Nguyen, Drawing Utilities expense Total 142,000 4,200 $ 4,200 $ 142,000 < Trial Balance Income Statement >