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using the previous picture prepare an invoke statement, statement of changes in equity, and balance sheet for March 2023 Exercise 1-23 Effects of transactions on

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using the previous picture prepare an invoke statement, statement of changes in equity, and balance sheet for March 2023

Exercise 1-23 Effects of transactions on the accounting equation LO6, 7 eXcel CHECK FIGURE: Accounts payable, March 31,2023=$2,350 Ali Omar opened a yard care business, Omar's Yard Care, on March 1, 2023. The following activities occurred during his first month of operations: a. Ali Omar invested $4,300 cash and $15,000 of equipment to start his business, Omar's Yard Care. b. Purchased various supplies on account; $1,600. c. Bought supplies on credit; $950. d. Omar signed a $4,000 contract to do yard work beginning in May. e. Did work for a client on account; $550. f. Performed services for a customer on credit; $600. g. Paid $200 for the supplies purch $ sed in (c). h. Paid $250 for advertising online. i. Collected the amount owed from the customer in (f). Using the format provided below, show the effects of the activities listed in (a) through (i). For each transaction that affects equity, include a brief description beside it (owner investment, owner withdrawal, revenue, expense). g. Pald \$LUO tor the supplies purchased in (c). h. Paid $250 for advertising online. i. Collected the amount owed from the customer in (f). Using the format provided below, show the effects of the activities listed in (a) through (i). For each transaction that affects equity, include a brief description beside it (owner investment, owner withdrawal, revenue, expense). Exercise 1-24 Financial statements LO8 CHECK FIGURE: Ali Omar, Capital, March 31,2023=$20,200 Using your answer from [ Exercise 1-23, prepare an income statement, statement of changes in equity, and balance sheet for March 2023

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