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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

Allison Alton practices law under the business title Allison Alton, Alton's business uses the following accounts Attorney at Law, Inc. During June, her law practice engaged in (Click the icon to view the accounts. ) the following transactions. i (Click the icon to view the transactions.) Requirement 1. Journalize each transaction. No explanations are Jun 1: Sold $65,000 of common stock to Alton to start the business Journal Entry Date Accounts Debit Credit Change from any list or enter any number In the Inout fields and then click Check AnswerPart 2: Ethical Issues and the Institutionalization of Business Eth IMPORTANT TERMS FOR REVIEW voluntary practices 95 consumer protection law 101 Philanthropy 95 Occupational Safety and Health core practices 96 Administration 104 Better Business Bureau 96 Public Company Accounting Oversight mandated boundaries 96 Board 106 civil law 98 Consumer Financial Protection Bureau 109 criminal law 98 cause-related marketing 115 procompetitive legislation 100 strategic philanthropy 116 social entrepreneurship 116