Problems Problem #1 (28 points) Required: Prepare journal entries for the following transactions for Lewis Company. (omit explanations). Owner invested $30,000 cash into the business. Rented an office and paid one month's rent, $2,600. Performed a service for a customer on account, $2,000. Purchased $300 of supplies on account. 1/14/22 Paid $3,500 cash for the purchase of equipment. 1/18/22 Collected $1,000 cash from a customer on account. 1/20/22 Paid $300 on account for the supplies purchased on 1/8/22 1/30/22 Owner withdrew $400 cash for personal use. 1/31/22 Paid employee salary of $800 Chart of accounts used by Lewis Company 1/2/22 1/3/22 1/5/22 1/8/22 Cash Accounts Receivable Supplies Equipment Accounts Payable Lewis, Capital Lewis, Withdrawals Service Revenue Rent expense Salary expense 3 "PA

Chart of accounts used by Lewis Company Problem 12 (30 points) Required: Based on the above Trial Balance for Arlene's Computer Service prepare the following financial statements for the month ended January 31,2022 : Income Statement. Ownet's Equity Statement. Balance Sheet. Beginning Owner Capital balance is 0 . Owner investments during the month of January were $3,000. Problen of Answer (28 points) Prohlem in Anuwet 09 points) Problem 12 Continued