The partial work sheet for Mills Consulting for June is as follows: INCOME STATEMENT BALANCE SHEET ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT Cash 7,495.00 Supplies 446.00 Prepaid Insurance 1,425.00 Equipment 6,780.00 Accumulated Depreciation, Equipment 4,145.00 Accounts Payable 1,239.00 W. Mills, Capital 6,983.00 W. Mills, Drawing 2,170.00 Consulting Fees 11,399.00 Rent Expense 2,015.00 Wages Expense 1,838.00 Miscellaneous Expense 240.00 Supplies Expense 640.00 Insurance Expense 610.00 Depreciation Expense, Equipment 962.00 Wages Payable 855.00 6,305.00 11,399.00 18,316.00 13,222.00 Net Income 5,094.00 5,094.00 11,399.00 11,399.00 18,316.00 18,316.00 1. Select from the dropdowns in the first set of T accounts to indicate whether a debit increases or decreases that type of account and whether a credit increases or decreases that type of account. 2. Record the account balances in the T accounts for owner's equity, revenue, and expenses. Assets = Liabilities + Owner's Equity Owner's Equity = Capital - Drawing + Revenue - Expenses Capital = W. Mills, Capital + Income Summary Drawing = W. Mills, Drawing Revenue = Consulting Fees Expenses = Rent Expense + Wages Expense + Supplies Expense + Insurance Expense + Depreciation Expense, Equipment + Miscellaneous Expense