Canyon Cance Company is a company that rents canoes for use on local lakes and rivers. Annie Wallace graduated from university about 10 years ago. She worked for a large accounting firm and became a CPA Because she loves the outdoors, she decided to begin a new business that will combine her love of outdoor activities with her business knowledge. Annie decides that she will create a new sole proprietorship, Canyon Cance Company. The business will begin operations on November 1, 2020 (Click the icon to view the transactions.) Required Requirement 1. Analyze the effects of Canyon Canoe Company's transactions on the accounting equation. Enter each event (transaction) in the appropriate columns. If the transaction is an owner's equity transaction, select the type of transaction in the dropdown box. After entering all the transactions, total each column (if a box is not used in the transaction leave the box empty: do not enter "0." Use a minus sign or parentheses for decreases. Abbreviations used: Exp. = Expense; Invest. = Investment: Phone Telephone: Rev. = Revenue.) Assets Liabilities Owner's Equity Office Accounts Phone Ubilities A. Wallace Type of Equity Cash AR + Supplies + Canoes - Payable + Payable + Payable Capital Transaction + + 1 + + + . Happy Camper Company completed the following transactions in November and December and prepared the following unadjusted trial balance at December 31, 2020 (Click the icon to view the November and December transactions.) (Click the icon to view the unadjusted trial balance.) At December 31, the business gathers the following information for the adjusting entries. (Click the icon to view the additional information.) Required Requirement 1. Journalize and post the adjusting entries. In the T-accounts, denote each adjusting amount as Adj, and an account balance as Balance. Begin by journalizing the adjusting entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. At December 31 the office supplies on hand totalled $200 Date Accounts and Explanation Debit Dec. 31 Supplies Expense 1500 Adj. (a) Office Supplies Credit 1500 Canyon Cance Company is a company that rents canoes for use on local lakes and rivers. Annie Wallace graduated from university about 10 years ago. She worked for a large accounting firm and became a CPA Because she loves the outdoors, she decided to begin a new business that will combine her love of outdoor activities with her business knowledge. Annie decides that she will create a new sole proprietorship, Canyon Cance Company. The business will begin operations on November 1, 2020 (Click the icon to view the transactions.) Required Requirement 1. Analyze the effects of Canyon Canoe Company's transactions on the accounting equation. Enter each event (transaction) in the appropriate columns. If the transaction is an owner's equity transaction, select the type of transaction in the dropdown box. After entering all the transactions, total each column (if a box is not used in the transaction leave the box empty: do not enter "0." Use a minus sign or parentheses for decreases. Abbreviations used: Exp. = Expense; Invest. = Investment: Phone Telephone: Rev. = Revenue.) Assets Liabilities Owner's Equity Office Accounts Phone Ubilities A. Wallace Type of Equity Cash AR + Supplies + Canoes - Payable + Payable + Payable Capital Transaction + + 1 + + + . Happy Camper Company completed the following transactions in November and December and prepared the following unadjusted trial balance at December 31, 2020 (Click the icon to view the November and December transactions.) (Click the icon to view the unadjusted trial balance.) At December 31, the business gathers the following information for the adjusting entries. (Click the icon to view the additional information.) Required Requirement 1. Journalize and post the adjusting entries. In the T-accounts, denote each adjusting amount as Adj, and an account balance as Balance. Begin by journalizing the adjusting entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. At December 31 the office supplies on hand totalled $200 Date Accounts and Explanation Debit Dec. 31 Supplies Expense 1500 Adj. (a) Office Supplies Credit 1500