- X Financial position e ; A the h bel or ente lies.) Assets Accounts Office = Liabilities + Owner's Equity Accounts M. Rainer, Cash + Receivable + Supplies + Furniture = Payable + Capital Bal 50,000 + 37,000 + + 99,000 = 73,000 + 113,000 Print Done Madeleine Rainer is the proprietor of a career counselling and employee search business, Rainer Personnel Services. The following amounts summarize the financial position of the business on August 31, 2020 (Click the icon to view the financial position.) During September 2020, the following company transactions occurred (Click the icon to view the transactions.) Required Requirement 1. Analyze the effects of the transactions on the accounting equation of Rainer Personnel Services (If a box is not used in the transaction leave the box empty, do not select a label or enter "0. Use parentheses or a minus sign for decreases Abbreviations used: A/P Accounts Payable; A/R Accounts Receivable; Adv. Rev. - Advertising Revenue, Exp. Expense, Furn. - Furniture; Rev Revenue, Supp. - Supplies) = Complete an analysis of the transactions for each date, and then total the balance of each account at the bottom Assets = Liabilities + Cash A/R Office Supp Furn A/P M.Rainer Capital Owner's Equity Service Rev Adv Exp Salaries Exp Bal 50,000 - 37,000- 0- 99,000 => 73,000 - 113,000+ 0 0 0 9/3 86,000 86,000- 6,800 914 6,800 99 Type here to search O II D P Clear all Final check 4C ^OW ENG 6:33 PM 2022-01-10 Requirement 1. Analyze the effects of the transactions on the accounting equation of Rainer Personnel Services (If a box is not used in the transaction lea decreases. Abbreviations used: A/P = Accounts Payable; A/R = Accounts Receivable; Adv. Rev. = Advertising Revenue; Exp. = Expense; Furn. = Furn Complete an analysis of the transactions for each date, and then total the balance of each account at the bottom Owner's Equity Service Assets = Liabilities + Office Cash + A/R + Supp + Furn = A/P + M. Rainer, Capital + Rev Bal 50,000 + 37,000 + 0 + 99,000 = 73,000 + 113,000 + 0 - 9/3 86,000 + + + + 86,000 + 9/4 6,800 + + + + + 6,800 9/9 + + + + + Adv Exp Salaries Exp 0 - 0 Financial position -X bel lies. Assets = Liabilities + Owner's Equity Accounts Office Accounts M. Rainer, Cash + Receivable + Supplies + Furniture = Payable + Capital Bal 50,000 + 37,000 + + 99,000 = 73,000 + 113,000 Print Done Transactions inancial position of the busines - Sep 3 4 9 Rainer deposited $86,000 cash in the business bank account. Performed services for a client and received cash of $6,800. Paid off the August 31, 2020, balance of accounts payable 15 Purchased office supplies on account, $6,700. 18 Collected cash from a customer on account, $7,900. 19 Consulted on a large downsizing by a major corporation and billed the client for services rendered, $53,000. 22 Recorded the following business expenses for the month: (1) Paid co-op students for salaries-$5,800. (2) Paid advertising-$4,200. 24 Purchased office supplies at an auction for $1,900 cash. 29 Rainer withdrew $8,200 cash ity Print Done