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1 [50 points] Global Filler Corp, began operations on March 1, 2014. The transasons for the first month follow a. A sharstuder paid Global Fiber

1 [50 points] Global Filler Corp, began operations on March 1, 2014. The transasons for the first month follow a. A sharstuder paid Global Fiber Corp. $20,000 cash for share capital in the business b. Global Filer Corp colected $1,300 for comissions Gamed today Global Filler Corp performed consulting services for a customer and received $600 d. A bill was received today for last week's $1.500 advertising campaign. It must be paid within 15 days Global Fier Corp performed consulting services for a customer and received $800 t Fumiturs wan rented by a customer for $500 cash gent rented equipment for $5,500 cash $1.600 of commasions were eamed and collected today by Global Filler Corp The bill for the $1,250 advertising campaign that ran last week was received today and paid Global Filler Con paid dividends of $2,400 to the shareholders Fill out the following table, according to the tramactions above. Select the headings for each coluen by dicking on the appropriate call Aho ndicate next to each change in equity in the whether it was caused by issuance of share capital investment, a revenue, an expense or payment of dividends entity rerums and expenses by name Calculate the total balancs for each counw sign is required for tolalej In addition to this, prepars an income statement, a statement of changes in equity and a balance sheet for the month anded March 21 a Complete the following accounting equation ta Phare Capite Ratained Earnings tan (b) 1300 000 (0) (9) 20,000 1,300 Common Ear 600 1:500 Averting Com 800 500 -16500 1,600 1350 100 Dino 5000 20000 40 SCE b) Complete the folowing income statement Commit 000 1000 000 2700 el Complete the wing statement of changes in equity d) Complete the following batarice shou Share Retained e Capital Fings Cady

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