Canyon Canoe Company is a company that rents canoes for use on local lakes and rivers. Ariel Wilson 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. Ariel decides that she will create a new sole proprietorship. Canyon Canoe Company. The business will begin operations on November 1, 2020 Click the icon to view the transactions.) Required on Requirement 1. Analyze the effects of Canyon Canoe Company's transactions on the accounting equation. on 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 Utilities A Wilson Type of Equity Cash AIR + Supplies + Canoes Payable + Payable + Payable Capital Transaction + - + + + - Nov. 1 Ariel Wilson invested $22,000 cash in the business by opening a bank account in the name of Canyon Canoe Company 2 The company leased a building and paid $1,400 for the first month's rent. 3 The company purchased canoes for $4.900 on account 4 The company purchased office supplies on account, 5600 7 The company thined $1,550 cash for the rental of canoes. 13 The company paid $1,450 cash for salaries. 15 Ariel Wilson withdrew 555 cash from the business for personal use. 16 The company received a bill for $165 for utilities, which will be paid later. (Do not use the Accounts Payable account.) 20 The company received a bill for $190 for cellphone expenses. The bill will be paid later. (Do not use the Accounts Payable account.) 22 The company rented canoes to Early Start Daycare on account, $3,300. 26 Canyon Canoe Company paid $900 of the amount owed for the November 3 purchase that was made on account 28 The company received $800 from Early Start Daycare as partial payment for the canoe rental on November 22 30 Ariel Wilson withdrew S105 cash from the business for personal use