Findlay Testing Inc. provides water testing and maintenance services for owners of hot tubs and swimming pools. During September the following transactions occurred: Need help understanding the effects on the balance sheet and income statement

Instructions September Transactions: Sept. 1 Issued common stock for $20,000. 5 co Purchased chemical supplies for $1,880 cash. Paid office rent for October, November, and December; the rent is $800 per month. Purchased $1,290 of advertising for September on account. Billed the city of Bellefontaine $2,100 for testing the water in the city's outdoor pools during September. Received $8,250 from Alexander Blanchard upon completion of overhaul of his swimming pool water circulation system. Since the job was completed and collected for on the same day, no bill was sent to Blanchard. Received $835 from the city of Bellefontaine for water testing that was previously billed. Paid $3,970 to hourly employees for work performed in September. 25 30 General Journal GENERAL JOURNAL BALANCE SHEET INCOME STATEMENT DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY REVENUE EXPENSES NET INCOME Sep. 1 Cash 20,000.00 Common Stock 20,000.00 Sep. 2 Supplies 1,880.00 Cash 1,880.00 Sep. 5 Rent Expense 2,400.00 Cash 2,400.00 Sep.8 Advertising Expense 1,290.00 Accounts Payable 1,290.00 Sep. 13 Accounts Receivable 2,100.00 Service Revenue 2,100.00 Sep. 18 Cash 8,250.00 Sales Revenue 8,250.00 Son 75 och 83500