Dawn Rehearse owns and operates an accounting firm called Dawn D. Rehearse, CPA & Associa During January 2024, the business completed the following transactions: FILL IN CHART a. Rehearse invested cash
$15,000
in the business. b. Performed accounting service for a client and received cash of
$500
. c. Paid off the beginning balance of accounts payable. d. Purchased supplies from OfficeMax on account,
$500
. e. Collected cash from a customer on account,
$1,000
. f. Received cash investment of
$5,000
cash from D. Rehearsal. g. Consulted for a new client and billed the client for services rendered,
$3,500
. h. Recorded the following business expenses for the month: Paid office rent,
$3,000
. Paid advertising,
$1,500
. i. Made partial payment to OfficMax for
$250
cash from item d. j. Rehearse withdrew cash of
$2,500
. Required: Analyze the effects of the preceding transactions on the accounting equation, using the format on the Note: Pay special attention to the beginning balances. Calculate the net income for th month ended January 31, 2024. \table[[nwin,Assets,\table[[
=