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1. Dr. Godwin decides to open a real estate company which henames, Comfort Realty, Inc. The following transactions were madeover the period:

1. On September 1, 2018, Dr. Godwin invested $15,000 cash in thebusiness
2. On September 3, 2018, Comfort Realty purchases computerequipment for $7,000 cash.
3. On September 4, 2018, Comfort realty purchases for $1,600 fromACME supply company computer paper and other supplies exacted tolast several months. ACME agrees to allow Comfort Realty to paythis bill in October
4. On September 10, 2018, Comfort realty receives $1,200 cash fromcustomers for rental services it has provided
5. September 11, 2018, Comfort realty receives a bill for $250from the daily News for advertising but postpones payment until alater date
6. September 12, 2018, Comfort realty provides $3,500 real estateservices for customers. The company receives cash of $1,500 fromcustomers, and it bills the balance of $2,000 on account
7. September 23, 2018, Comfort realty pays its $250 Daily Newsbill in cash
8. September 28, Comfort realty receives $600 in cash fromcustomers who had been billed for services (item vi)
9. September 29, 2018, Dr. Godwin withdrawals $1,300 in cash fromthe business for a friend.
10. On September 30, 2018, Comfort Realty pays the followingexpenses in cash for September: store rent $600, salaries ofemployees $900, and utilities $200

           As the accountant of the company, you have been asked to do thefollowing:

1. Prepare a summary of transaction. You are to show their effectson the three components of the basic balance sheet accountingequation and specific items within each component
2. Present the income statement, owners’ equity statement, and thebalance sheet for the month ended September 30, 2018