1 Assignment - Personal - Microsoft Edge son.com/Student/PlayerHomework.aspx?homeworkld=656520906&questionld=6&flushed=false&cid=7528015erwin=yes gl (ACC-201-20103) hapter 1 Assignment 2 K C W hp Demodocs example # S Read the requirements 3 Canyon Canoe Company is a service-based company that rents canoes for use on local lakes and rivers. Amber and Zack Wilson graduated from college about 10 years ago. They both worked for one of the "Big Four" accounting firms and became CPAs. Because they both love the outdoors, they decided to begin a new business that will combine their love of outdoor activities with their business knowledge. Amber and Zack decide that they will create a new corporation, Canyon Canoe Company, or CCC for short. The business began operations on November 1, 2024. (Click the icon to view the transactions.) Cash alt 1 16,000 + E Requirement 1. Analyze the effects of Canyon Canoe Company's transactions on the accounting equation Included are the following headings Cash, Accounts Receivable (A/R), Office Supplies (Off Sup), Canoes, Accounts Payable (A/P), Utilities Payable (Util Pay), Telephone Payable (Tele Pay), Common Stock (CS), Dividends (Div), Canoe Rental Revenue (Rent. Rev), Rent Expense (Rent Exp), Utilities Expense (Util. Exp), Wages Expense (Wage Exp.), and Telephone Expense (Tele Exp.). Analyze the events chronologically, one transaction at a time, beginning with the transaction on November 1. For each transaction that follows the November 1st transaction, calculate the balance in each account after analyzing its effect on the accounting equation After calculating the ending balance of each account on November 30, calculate total assets and total liabilities and equity. (Complete only the necessary answer boxes for your transaction lines [Do not enter any zeros for your transaction lines ] Carry down all balances to the "Bal" line, including zero balance accounts, entering a "0" for any zero balances Enter a decrease in an account with a minus sign or parentheses) Assets + $ [ A/R 4 + 1000+ Get more help. R Off Sup 750 + % DE JL JL C 5 Question 6, CPF1-55 (book/static) Part 1 of 18 V + Canoes = T 4800= G 6 A/P B 22,750 + & Y Liabilities Util Pay 150 + + 7 H + hp 38 N Tele + Pay 170 + 4+ * 8 J CS to 50- M AA 9 HW Score: 42.81%, 2.57 of 6 points Points: 0 of 1 Div + K 100 + 110 Rent Rev 1400 431 Jacob Mathis Equity Rent Exp 3000 433 P Util Exp 150 alt 08/20/23 6:30 PM Wage - Exp 1500 Clear all Tele Exp G 175 insert m ctri Save pause J Check answer backspace 6:30 PM 8/20/2023 prt sc A X delete home enter pg up T shaft intel Co