answer A-F

All eyrses to to Rel SYD HASAN CPA ACCT 330 ton CH 1 DEMO PROBLEM P1: Transaction Analysis Olivia Corporation was started on January 1, 2020. A summary of transactions that occurred in January is presented below: 1. Shareholders invested $100K cash in the business in exchange for common stock 2. Purchased equipment for $50K cash 3. Paid $4K cash for January office rent 4. Paid $3K cash for supplies 5. Incurred $15K of advertising cost on account 6. Received $40K in cash from customers for repair services Coy Nice 7. Declared and paid 8. Paid part-time employees salaries of $11K 9. Paid utilities bill for $3K 10. Performed repair services worth $20K on account Ps eceu 11, Collected cash of $12K for services billed in transaction # 10 above C.S ash dividend Dodcrds LNN, Required A. For each transaction indicate the effect on the accounting equation B. Compute Net Income or Net Loss for the month C. Compute the ending balance for Retained earnings D. How much was total assets at the end of the month? E. How much was total liabilities at the end of the month? F. How much was total stockholders' equity at the end of the month? A: L LiabilitiesStockiddels Ecuut Cs t