Describe the effects of this transaction on the accounting equation in terms of debits and credits seste = Prepare the appropriate journal entry for this transaction 2) Sells $13,079 of services to clients on account. Describe the effects of this transaction on the accounting equation in terms of debits and credits = Prepare the appropriate journal entry for this transaction 3) Puchases $8,512 in supplies on account. Describe the effects of this transaction on the accounting equation in terms of debits and credits = Prepare the appropriate journal entry for this transaction 4) Pays $12,451 in cash for rent for July through September. repare the appropriate journal entry for this transaction Pays $12,451 in cash for rent for July through September. Describe the effects of this transaction on the accounting equation in terms of debits and credits =Liabilities repare the appropriate journal entry for this transaction Pays suppliers $2,532 to settle prior accounts payable. Describe the effects of this transaction on the accounting equation in terms of debits and credits = Prepare the appropriate journal entry for this transaction 1) Answer the questions in each tab, Q1-Q3 2) For the questions in Q1, first conduct a transaction analysis and indicate the dollar effects of the transaction on the accounting identity in the appropriate debit or credit column. Then prepare the journal entry, selecting the appropriate accounts from the dropdown menu. For example: Takes out a note from the bank in exchange for $10,000 in cash Describe the effects of this transaction on the accounting equation in terms of debits and credits Prepare the appropriate journal entry for this transaction 3) In Q2, post the journal entries from Q1 to their appropriate T-Accounts and calculate the ending balances for each T-Account 4) In Q3, input the ending balances from Q2 into the appropriate cells to prepare an unadjsted trial balance. \begin{tabular}{|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Account } & \multicolumn{2}{|l|}{ Beginning Balances } & \multicolumn{2}{|c|}{ Unadjusted T/B } \\ \hline & Debit & Credit & Debit & Credit \\ \hline Cash & 48,989 & & & \\ \hline Accounts Receivable & 9,061 & & & \\ \hline Supplies & 25,985 & & & \\ \hline Prepaid Rent & 6,603 & & & \\ \hline Prepaid Insurance & 2,506 & & & \\ \hline Other Assets & 86,895 & & & \\ \hline Accounts Payable & & 3,112 & & \\ \hline Notes Payable & & 93,733 & & \\ \hline Other Liabilities & & 2,641 & & \\ \hline Common Stock & & 50,119 & & \\ \hline Retained Earnings & & 11,672 & & \\ \hline Dividends & 700 & & & \\ \hline Revenue & & 100,920 & & \\ \hline Rent Expense & 7,707 & & & \\ \hline Salaries Expense & 59,410 & & & \\ \hline Supplies Expense & 9,656 & & & \\ \hline Utilities Expense & 1,254 & & & \\ \hline Insurance Expense & 3,431 & & & \\ \hline & 262,197 & 262,197 & & \\ \hline \end{tabular} Liabilities Equity EB Frnity