Arthur Shelton recently opened his own accounting fim on April 1, which he operates as a corporation The name of the new entiy is Arthur Shelton, CPA Shelton experienced the following events during the organzing phase of the new business and ts fist month of operations in 2018 Click the icon to view the transactions) Read the teqkements Requirement 1. Analyze the effects of the events on the accouning equation of Arthur Shelton, CPA Analyze the events chronologicaly, one transaction at a 5me Baginning with the transaction on the 6th, calculate the balance in each account after analyzing the effect of the transaction on the accounting equation. Aher calculating the endig balance of each account e 3 m ca late total asses and total latinos and equity Complete only the necessary answer bores for your transactio lines Do not e te any ze s for your transaction lines Cany down all balances to the al line including zero balance accounts entering a for any zero balances Enter a decrease in an account witha m rus s gn o pare theses Abbrev ations used Ap-Accounts Payable AR . Accounts Receivable: Coml! Commo, Contr.Cortrbuted: Die Dividends: Exp = Expense; Fum. Furniture: Labe Liabiltie. Re. " Revenu, Sup. Supplies: Uniustos) ASSETS LIAB. EQUITY Contr Cap. Cash + AR + Once + Furn = AP + Com Stock Retained Earnings Div + Service . Rent Utl Rev ExpExp Sup. Enter any number in the edit fields and then click Check Answer Arthur Shelton recently opened his own accounting fim on April 1, which he operates as a corporation The name of the new entiy is Arthur Shelton, CPA Shelton experienced the following events during the organzing phase of the new business and ts fist month of operations in 2018 Click the icon to view the transactions) Read the teqkements Requirement 1. Analyze the effects of the events on the accouning equation of Arthur Shelton, CPA Analyze the events chronologicaly, one transaction at a 5me Baginning with the transaction on the 6th, calculate the balance in each account after analyzing the effect of the transaction on the accounting equation. Aher calculating the endig balance of each account e 3 m ca late total asses and total latinos and equity Complete only the necessary answer bores for your transactio lines Do not e te any ze s for your transaction lines Cany down all balances to the al line including zero balance accounts entering a for any zero balances Enter a decrease in an account witha m rus s gn o pare theses Abbrev ations used Ap-Accounts Payable AR . Accounts Receivable: Coml! Commo, Contr.Cortrbuted: Die Dividends: Exp = Expense; Fum. Furniture: Labe Liabiltie. Re. " Revenu, Sup. Supplies: Uniustos) ASSETS LIAB. EQUITY Contr Cap. Cash + AR + Once + Furn = AP + Com Stock Retained Earnings Div + Service . Rent Utl Rev ExpExp Sup. Enter any number in the edit fields and then click Check
