ACCOUNTING, not statistics.

25% of available points For each transaction, indicate the impact on total assets, total liabilities and total equity. Enter decreases as negative values. If there is no impact, either enter a 0, or leave cell blank. The system will calculate the cumulative amounts in the bottom row. Upon completion, compare the totals to the balance sheet. Is your accounting equation in balance? Show less Balance Sheet Total AssetsTotal Liabilities +Total Equity On November 6, Carolyn Wells withdrew $100,000 from personal savings and deposited it in a new business checking account for Wells' Consulting Services On November 7, Wells' Consulting Services issued Check 1001 for $5,000 to purchase a computer and other equipment On November 10, Wells' Consulting Services purchased office equipment on account for $6,000 On November 28, Wells' Consulting Services purchased supplies for $1,500, Check 1002 On November 30, Wells' Consulting Services paid Office Plus $2,500 in partial payment of Invoice 2223, Check 1003 On November 30, Wells' Consulting Services wrote Check 1004 for $8,000 to prepay rent for December and January During December, performed services for $36,000 in cash During December, performed services for $11,000 on credit. During December, received $6,000 in cash from credit clients on their accounts During December, paid $8,000 for salaries During December, paid $650 for a utility bill During December, the owner withdrew $5,000 for personal expenses Totals - Should agree with Balance Sheet