Canyon Canoe Gompany is a service$-$based company that rents canoes for use on local lakes and rivers. Amber and Zack Wilson graduated from college about $10$ ?years ago. They both worked for one of the "Big Four" accounting firms and became CPAs. Because they both love the outdoors, they decided to begin a new business that will combine their love of outdoor activities with their business knowledge. Amber and Zack decide that they will create a new corporation, Canyon Canoe Company, or CCC for short. The business began operations on November $1,2024.$

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Read the requirements.

Requirement $1.$ ?Analyze the effects of Canyon Canoe Company's transactions on the accounting equation. Included are the following headings: Cash, Accounts Receivable $($A$/$R$),$ ?Office Supplies $($Off$.$ ?Sup.$),$ ?Canoes; Accounts Payable $($AP$),$ ?Utilities Payable $($Util$.$ ?Pay.$),$ ?Telephone Payable $($Tele$.$ ?Pay.$),$ ?Common Stock $($CS$),$ ?Dividends $($Div$.),$ ?Canoe Rental Revenue $($Rent$.$ ?Rev.$),$ ?Rent Expense $($Rent Exp.$),$ ?Utilities Expense $($Util$.$ ?Exp.$),$ ?Wages Expense $($Wage Exp.$),$ ?and Telephone Expense $($Tele$.$ ?Exp.$).$

Analyze the events chronologically, one transaction at a time, beginning with the transaction on November $1.$ ?For each transaction that follows the November $1$ ?st transaction, calculate the balance in each account after analyzing its effect on the accounting equation. After calculating the ending balance of each account on November $30,$ ?calculate total assets and total liabilities and equity. $($Complete only the necessary answer boxes for your transaction lines. $[$Do not enter any zeros for your transaction lines.$]$ ?Carry down all balances to the "Bal." line, including zero balance accounts, entering a $"0"$ ?for any zero balances. Enter a decrease in an account with a minus sign or parentheses.$)$

$\backslash$table$[[,,$Asse,,,,$=,,,$bilities,,,,,,,Equity,,,$],[$Cash$,+,$A$/$R $.,\backslash$table$[[$Off$.],[$Sup$.]],+,\backslash$table$[[$Canoes$]],=,\frac{A}{P},+,\backslash$table$[[$Util$.],[$Pay$.]],+,\backslash$table$[[$Tele$.],[$Pay$.]],$CS$,$Div,$+,\backslash$table$[[$Rent$],[$Rev$.]],\backslash$table$[[-$ ?Rent$],[$Exp$.]],\backslash$table$[[$Util$.],[$Exp$.]],\backslash$table$[[-$ ?Wage $-],[$Exp$.]],\backslash$table$[[$Tele$.],[$Exp$.]]],[,+,+,,+,,=,,+,,+,,,,+,,-,,-,]]$