Please help Cuik PrintPrint PreviewL eDocumentGoToCopy FindPrintPageSetup AreaPage SetupSwitchWindows YEditWindowADEFHMNCPRsiuWXYZAAABName:ASSETSLIABILITIESCAPITALDRAWINGREVENUEEXPENSES4个业个小个业个中个业个业个业个业个业个业个4个业Balance:Balance:Balance:Balance:Balance:Balance:Lydia Lewis opens a Math Monkey Tutoring Center on 1/5/21.Her accountant prepared the following chart of accounts:Assets: Cash, Accounts Receivable, Office Equipment, Office FurnitureLiabilities: Accounts Payable个业个4个业个VOwner's Equity: LLewis, Capital and LLewis, DrawingRevenue: Professional FeesExpenses: Salary Expense, Rent Expense, Utilities Expense, Miscellaneous Expense(1) Prepare the Taccountslabel each Taccount with the appropriate name, using the chart of accounts aboveBalance:for each account, remove one of the arrows from the left side of the TBalance:eave the appropriate arrow to indicate what happens on the left side of that particular accountin other words, is the left side the increase side or the decrease side of the account?repeat for the ride side of the account74个4repeat for each of the other accounts个4个(2) Record the transactions (a-n) listed below.Record Transactions. RdyType here to search82 Practice Chapter 2 (1)- Microsoft Excel ViewerGoToPage PrintSetup AreaPage SetupSwitchWindowsWindowHNCPQRstuVW(3) Calculate the final balance in each account.(4) Prepare a Trial Balance(5) Prepare the 3 financial statements from the Trial BalanceTRANSACTIONSa. Lewis deposited $50,000 in a bank account in the name of the business on 1/5/21.b. Bought waiting room chairs and tables on account, $1,250c. Bought a fax/copier/scanner combination from Office Depot for $595, paying $200 in cash and placing the balance on account(Check #1001)d. Bought an intercom system on account from Eastman Office Supply, $375e Received and paid the telephone bill, $250 (Check #1002)f. Sold professional services on account, $1,484Received and paid the electric bill, $225 (Check #1003)h. Received and paid the bill for the dycalculia convention, $750 (Check #1004)Sold professional services for cash, $2,575Paid on account to Eastman Office Supply, $300 (Check #1005)K Paid the rent for the current month, $1,200 (Check #1006)I Paid salary of the receptionist, $880 (Check #1007)m. Lydia withdrew cash for personal use, $800 (Check #1008)n. Received $885 on account from patients who were previously billedtions TreI Balance

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) Calculate the final balance in each account. ) Prepare a Trial Balance ) Prepare the 3 financial statements from the Trial Balance ANSACTIONS Lewis deposited $50,000 in a bank account in the name of the business on 1/5/21. Bought waiting room chairs and tables on account, $1,250 Bought a fax/copier/scanner combination from Office Depot for $595, paying $200 in cash and placing the balance on account neck #1001) Bought an intercom system on account from Eastman Office Supply, $375 Received and paid the telephone bill, $250 (Check #1002) Sold professional services on account, $1,484 Received and paid the electric bill, $225 (Check #1003) Received and paid the bill for the dycalculia convention, $750 (Check #1004) old professional services for cash, $2,575 Paid on account to Eastman Office Supply, $300 (Check #1005) Paid the rent for the current month, $1,200 (Check #1006) Paid salary of the receptionist, $880 (Check #1007) Lydia withdrew cash for personal use, $800 (Check #1008) Received $885 on account from patients who were previously billed ons LUBL Balance anCStatemeES