Amos Shono recently opened his own accounting firm on April 1, which he operates as a corporation. The name of the new entity is Amos Shone, CPA Shone experienced the following events during the organizing phase of the new business and its first month of operations in 2018: (Click the icon to view the transactions.) Read the recitemente Requirement 1. Analyze the effects of the events on the accounting equation of Amos Shone, CPA Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 5th. For each transaction that follows the transaction on the 5th, calculate the balance in each account after analyzing its effect on the accounting equation. After calculating the ending balance of each account on the 30th, calculate total assets and total liabilities and equity. (Complete only the necessary answer boxes for your transaction lines. [Do nol enter any zoros for your transaction lines) Carry down all balances to the "Bal" line, including zero balance accounts, entering a "O for any zero balances Enter a decrease in an account with a minus sign or parentheses Abbreviations used: AP Accounts Payable; AR Accounts Receivable, Com = Common Conte Contributed, Div = Dividends Exp Expense; Furn. - Furniture, Liab - Liabilities: Rev - Revenue, Sup. = Supplies: Ut = Utilities) ASSETS LIAB. EQUITY + Cash + AR + Office Furn Contr. Cap. Com Stock 80,000 Di Retained Earnings + Service Rent Rev Exp. Util Sup Exp. . 4/5 80 000 4/6 Bal Homewor ( Question 4, P1.45A (simi Part 2 of 14 HW Score: 70.04% 14.01 of 20 points Points: 0.01 of 5 Save Close Amos Shone recently opened his own accounting firm on April 1, which he operates as a corporation. The name of the new entity is Amos Shone, CPA Shone experienced the following events during the organizing phase of the new business and its first month of operations in 2018 Click the icon to view the transactions) Read the items 2018 with regard to como unt net come or not loss - X ansaction paid no donds dividends $4.000 pard cash Odends / 58.000 ach Do not ro ceivable bU one Requirement the locatie acco AMADA Analyze the on the 5th, cald More Info account on the enter any bulances Enter Com Comm Shone deposited 500,000 in a new business bank accountitled Amos Shone, CPA The Uutis) Apr 5 business issued common stock to Shone Apr. 6 Paid 5450 cash for butterhead shaonary for new office Apr. 7 Purchased office miture for the office on account 5.500 Apr. 10 Contuted with tax and received 1.500 for services rendered Cash Ape 11 Paid ut, $300 Apt. 12 Finished tax hangs on behalf of a client and bitted a bill for accounting in 516.000 45 80.000 Apr 16 Pwoffice runt 1.300 Apr. 25 Received sunt dus from chart that was billed on April 12 46 Ape 27 Paldnt of accounts payable created on Apel Apr 30 Cash didende of 51.000 were pad te stockholders Print Done Question Next Print Cloor AB Check Answer Shone experienced the following events only the game (Click the icon to view the transactions.) Read the requirements MO ss Requirement Analuze the affected the mean the accounting.cation of Amo Shone CDA - Xan More Info Analyze the ev on the 5th, cald account on the enter any zero balances. Ent Com - Comme 000 bach [Donal ro ceivable s. Util - Utilities) A Requirements A AL Al AL Cash 1. Analyze the effects of the events on the accounting equation of Amos Shone, CPA 2. Prepare the following financial statements a. Income statement b. Statement of retained earnings c. Balance sheet A Al 4/5 80,000 A 4/6 A Bal Print Done Print Done Next Print