Answer all!!!

Angela Peters practiced law with a partnership for 10 years. Recently she opened her own law office, which she operates as a proprietorship. The name of the new entity is Angela Peters, Attorney. Peters experienced the following events during the organizing phase of the new business and its first month of operation. 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.

Mar 1 Sold personal investment in eBay stock, which she had owned for several years, receiving $31,000 cash.

2 Deposited the $31,000 cash from sales of the eBay stock in her personal bank account

3 Received $139,000 cash from former law partners

5 Deposited $89,000 cash in new business bank account titled Angela Peters, Attorney. The business gave capital to Peters.

7 Paid $400 cash for ink cartridges for the printers

9 Purchased computer for the law office, agreeing to pay the amount $9,300, within three months.

23 Finished court hearings on behalf of client and submitted a bill for legal services, $13,500, on account.

30 Paid utilities, $1,200

31 Peter withdrew cash of $2,000.

Analyze the effects of the preceding events on the accounting equation of the proprietorship of Angela Peters, Attorney.

At March 31, compute the business

ASSIGNMENT QUESTION PURPOSE The purpose of this assignment is to enhance learners' ability to explain the types of companies and exceptions of corporate veil. Learners are also expected to be able to discuss the duties of directors of a company. REQUIREMENT Explain the types of companies and the exceptions of corporate veil. Discuss the duties of the directors of a company. Give your View on the exceptions ol' corporate veil and duties of the directors. [Totah 60 marks] - X i More Info Jun 1 Sold $65,000 of common stock to Alton to start the business. 3 Paid $300 for the purchase of office supplies. 8 Paid $30,000 cash to purchase land for an office site. 12 Purchased office equipment on account, $2,800 17 Borrowed $5,000 from the bank. Alton signed a note payable to the bank in the name of the business 26 Paid $2,400 on account. 30 Revenues earned during the month included $7,000 cash and $21,000 on account. 30 Raid amalaunnel salaries 09 REA alfies cast 01 900 and utilition CiEn Print Donelanguage of (?) 4. The "basic raw materials" of accounting are composed of business (?) Transaction data 5. Each state has laws providing for the licensing for certified public accountants. Who are commonly called (?) CPA 6. The applicability of accounting in an individual economic unit in society is based on the business (?) 7. A separate legal entity organized in accordance with state or federal statutes and in which owner- ship is divided into shares of stock is referred to as a (an) (?) 8. A partnership is owned by (?) or more individuals