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1. The opening financial position is shown here for Sheila's Interior Decorating of Sudbury, Ontario, owned by Sheila Kostiuk. In your Workbook, or on

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1. The opening financial position is shown here for Sheila's Interior Decorating of Sudbury, Ontario, owned by Sheila Kostiuk. In your Workbook, or on colum- nar paper, record in the correct columns the changes required for the transactions below and on page 60. After each transaction, calculate the new totals and make sure that the equation balances. ASSETS LIABILITIES OWNER'S EQUITY Office Cash Accounts Receivable Supplies Furniture Truck D. Murray Accounts Payable AceSupply Motors S.Kostiuk Pine Capital Opening balances 1000 50 1050

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