Ally Pivone recently opened her own law office on March 1, which she operates as a corporation. The name of the new entity is Ally Pivone, Att experienced the following events during the organizing phase of the new business and its first month of operation, March 2018 Some of the ev personal and did not affect the law practice. Others were business transactions and should be accounted for by the business. (Click the icon to view the transactions.) Read the requirements CAMI personal and does not affect the business, leave the transaction line blank. Carry down all balances to the "Bal" line, including zero balance acc entering a "0" for any zero balances. Enter a decrease in an account with a minus sign or parentheses Abbreviations used: A/P = Accounts Pay. Accounts Receivable, Com. = Common; Contr. Cap. = Contributed Capital Div = Dividends Comp = Computer Exp. = Expense Liab = Liabili = Miscellaneous, Rev. = Revenue, Sup. = Supplies: Util. = Utilities) ASSETS LIAB. EQUITY Contr. . . + Retained Earnings Cash + A/R + Office + Comp. A/P + Com Div + Service Util. Misc Sup Stock Rev Exp. Exp. 3/1 29,000 + + + 3/2 + + + + + Bal. + + 3/3 + + + + + + + + + Bal. + + + 3/5 + Bal. + + + + + + + + 3/7 + + + Bal. + + + 319 + Bal. + + - + 3/15 + + + + Bal. + + + + + 3/23 + + Bal. + 3/28 + + + - Mar. 1 Mar. 2 Sold personal investment in Amazon stock, which she had owned for several years, receiving $29,000 cash. Deposited the $29,000 cash from the sale of the Amazon stock in her personal bank account Deposited $90,000 cash in a new business bank account titled Ally Pivone, Attorney. The business issued common stock to Pivone. Paid $740 cash for ink cartridges for the printer. Purchased computer for the law office, agreeing to pay the account. $9,600, within three months Mar. 3 Mar. 5 Mar. 7 Mar. 9 Mar. 15 Received $2,900 cash from customers for services rendered. Received bill from The Lawyer for magazine subscription, $250. (Use Miscellaneous Expense account.) Finished court hearings on behalf of a client and submitted a bill for legal services, $13,500, on account. Mar. 23 Mar. 28 Paid bill from The Lawyer. Paid utilities, $1,300. Mar. 30 Mar. 31 Received $3,500 cash from clients billed on March 23. Mar. 31 Cash dividends of $3,500 were paid to stockholders. Bal + + + 3/15 + Bal. + + + + = = 3/23 + + + Bal. + + + + 3/28 + + + + + Bal. + + + 11 + 3/30 + + + + Bal. + + + + 3/31 + = + Bal. + + + 3/31 + + + + Bal. = Tot Requirement 2. Prepare the financial statements. a. Income statement. (If a box is not used in the table leave the box empty: do not select a label or enter a zero.) Review the ending balances of the accounts from Requirement 1