Christine Hunters opens a research service near a college campus. She names the corporation Hunters Researchers, Inc. During the first month of operations, April 2018, the business engages in these transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Analyze the preceding transactions in terms of their effects on the accounting equation of Hunters Researchers, Inc. (Use parentheses or a minus sign for numbers to be subtracted. If a box is not used in the table, leave the box empty; do not select a label or enter a zero. Enter the transactions in the same order as they appear in the transaction list.) * More Info X Assets Liabilities st + Office Accounts a. Cash + Supplies + Land Payble + S b. (a) (b) C. (c) (d) d. Hunters Researchers, Inc., issues its common stock to Christine Hunters, who invests $27,000 to open the business. The company purchases on account office supplies costing $370. Hunters Researchers pays cash of $15,000 to acquire a lot next to the campus. The company intends to use the land as a building site for a business office. Hunters Researchers performs research for clients and receives cash of $2,700. Hunters Researchers pays $140 on the account payable that it created in transaction b. Hunters pays $2,000 of personal funds for a vacation. Hunters Researchers pays cash expenses for office rent ($390) and utilities ($75). The business sells a small parcel of the land for its cost of $3,500. The business declares and pays a cash dividend of $600. (e) e. (f) f. (9) g. (h) h. i. Choose from any list or enter any number in the input fields and then Print Done Requirement 2. Prepare the income statement, statement of retained earnings, and balance sheet of Hunters Researchers, Inc., after recording the transactions. Indicate the relationships within the statements that link them together. The balance sheet does not have to be classified. Begin by preparing the income statement for Hunters Researchers, Inc.. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero. Use parentheses or a minus sign for a net loss.) Review the accounting equation prepared in Requirement 1. Hunters Reaserchers, Inc. Income Statement Month Ended April 30, 2018 Revenue: Expenses: TI Net income (loss) Prepare the statement of retained earnings of Hunters Researchers, Inc. (Enter an amount in each input area. Input a "0" for zero balances. Include a subtotal after the "Add" line of the statement.) Review the accounting equation prepared in Requirement 1. Hunters Researchers, Inc. Statement of Retained Earnings Month Ended April 30, 2018 Add: Subtotal Less: In the first part complete the assets section of the balance sheet of Hunters Researchers, Inc. In the second part complete the liabilities and stockholders' equity section of the balance sheet. The balance sheet does not have to be classified. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Review the accounting equation prepared in Requirement 1. Hunters Researchers, Inc. Balance Sheet April 30, 2018 Assets Liabilities Stockholders' Equity Indicate the relationships within the statements that link them together. The Vamount from the flows to the statement of retained earnings. The amount from the flows to the balance sheet
