Wilhelm Kohl started a business in May 20-- called Kohl's Home Repair. Kohl hired a part-time college student as an assistant. Kohl has decided to use the following accounts for recording transactions:

Assets	Owners Equity
Cash	Wilhelm Kohl, Capital
Accounts Receivable	Wilhelm Kohl, Drawing
Office Supplies	Revenue
Prepaid Insurance	Service Fees
Equipment	Expenses
Van	Rent Expense
Liabilities	Wages Expense
Accounts Payable	Phone Expense
	Gas and Oil Expense

The following transactions occurred during May:

(a)	Invested cash in the business, $25,048.
(b)	Purchased a used van for cash, $6,067.
(c)	Purchased equipment on account, $4,157.
(d)	Received cash for services rendered, $7,381.
(e)	Paid cash on account owed from transaction (c), $2,142.
(f)	Paid rent for the month, $891.
(g)	Paid telephone bill, $249.
(h)	Earned revenue on account, $4,694.
(i)	Purchased office supplies for cash, $199.
(j)	Paid wages to an assistant, $810.
(k)	Purchased a one-year insurance policy, $1,022.
(l)	Received cash from services performed in transaction (h), $3,301.
(m)	Paid cash for gas and oil expense on the van, $127.
(n)	Purchased additional equipment for $4,063, paying $1,461 cash and spreading the remaining payments over the next 10 months.
(o)	Earned service fees for the remainder of the month of $3,371: $2,097 in cash and $1274 on account.
(p)	Withdrew cash at the end of the month, $3,075.

ANSWER the following Questions 1-2 Use the format provided below.

1.	a. Total revenue for the month
	b. Total expenses for the month
	c. Net income for the month
2.	a. Wilhelm Kohl's original investment in the business
	+ Net income for the month
	- Owner's drawing
	Increase (decrease) in capital
	= Ending owner's equity

b. End-of-month accounting equation:
Assets	=	Liabilities	+	Owner's Equity
	=		+