Alana Pivone recently opened her own law office, which she operates as a sole proprietorship. The name of the new entity is Alana Pivone, Attorney. Pivone experienced the following events during the organizing phase of the new business and its first month of operation, March 2014. Some of the events were personal and did not affect the law practice. Others were business transactions and should be accounted for by the business.

These are the transactions:

These are the requirements:

Requirement 1:

Requirement 2a:

Here are the options to chose from under revenues:

Here are the options to chose from under Expenses:

Requirement 2b:

Requirement 2c:

Here are the options to chose from under liabilities for 2c:

Here are the options to chose from under owner's equity for 2c:

This is one questions that is broken down into 1, 2a, 2b & 2c.

Mar. 1 Sold personal investment in eBay stock, which she had owned for several years, receiving $33,000 cash. 2 Deposited the $33,000 cash from the sale of the eBay stock in her personal bank account. 3 Deposited $75,000 cash in a new business bank account titled Alana Pivone, Attorney. The business gave capital to Pivone. 5 Paid $500 cash for ink cartridges for the printer. 7 Purchased computer for the law office, agreeing to pay the account, $7,000, within three months. 9 Received $4,000 cash from customers for services rendered 15 Received bill from The Lawyer for magazine subscription, $260. 23 Finished court hearings on behalf of a client and submitted a bill for legal services, $8,000, on account. 28 Paid bill from The Lawyer. 30 Paid utilities, $900. 31 Received $2,300 cash from clients billed on Mar. 23. 31 Pivone withdrew cash of $1,500