DunstDunst Consulting began operations and completed the following transactions during December,2016 Analyze the effects of DunstDunst Consulting's transactions on the accounting equation Analyze the events chronologically, one transaction at a time Beginning with the second transaction on the 2nd, calculate the balance in each account after analyzing the effect of the transaction on the accounting equation After calculating the ending balance of each account on the 30th, calculate total assets and total liabilities and equity Dec 2 Stockholders contributed $27,000 cash in exchange for common stock Dec 2 Paid monthly office rent, $1,500 Dec 3 Paid cash for a computer, $1,800 This equipment is expected to remain in service for five years Dec 4 Purchased office furniture on account, $3,800 The furniture should last for five years Dec 5 Purchase office supplies on account, $350 Dec 9 Performed consulting service for a client on account, $2,200 Dec12 Paid utilities expenses, $200 Dec18 Performed service for a client and received cash of $3,100 Dec 21 Received $1,500 in advance for client service to be performed in the future (This increases the Unearned Revenue account which is a liability ) Dec21 Hired an administrative assistant to be paid $2,250 on the 20th day of each month The secretary begins work immediately Dec26 Paid $250 on account Dec28 Collected $300 on account Dec30 Paid cash dividends of $300 to stockholders Requirement 1 Analyze the effects of Dunst Consulting's transactions on the accounting equation Analyze the events chronologically, one transaction at a time Beginning with the second transaction on the 2nd, calculate the balance in each account after analyzing the effect of the transaction on the accounting equation After calculating the ending balance of each account on the 30th, 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 lf an event has no effect on the accounting equation, leave the transaction line blank Carry down al balances to the Bal ne, including zero balance accounts, entering a 0 for any zero balances When more than one transaction occurs on the same date, enter the transactions into the accounting equation in the same order as shown in the question Enter a decrease in an account with a minus sign or parentheses Abbreviations used AP Accounts Payable AR Accounts Receivable Com Common Contr Contributed Div Dividends Equip Equipment Exp Expense Furn Furniture Off Office Rev Revenue Serv Service Sup Supplies Util Utilities Un Unearned EQUITY ASSETS LIABILITIES Contr Capital Retained Earnings Cash AlR off Equip, Furn AP Un Com, Div Serv Rent Util, Sup Rev Exp Exp Stock 2 27 000

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DunstDunst Consulting began operations and completed the following transactions during? December,2016 Analyze the effects of DunstDunst Consulting's transactions on the accounting equation. Analyze the events?

DunstDunst Consulting began operations and completed the following transactions during? December,2016

Analyze the effects of DunstDunst Consulting's transactions on the accounting equation. Analyze the events? chronologically, one transaction at a time. Beginning with the second transaction on the? 2nd, calculate the balance in each account after analyzing the effect of the transaction on the accounting equation. After calculating the ending balance of each account on the? 30th, calculate total assets and total liabilities and equity. ?

Dec.2		Stockholders contributed $27,000 cash in exchange for common stock.
Dec 2		Paid monthly office? rent,$1,500. ????
Dec 3		Paid cash for a? computer, $1,800.This equipment is expected to remain in service for five years.
Dec 4		Purchased office furniture on? account,$3,800. The furniture should last for five years.
Dec 5		Purchase office supplies on? account,$350.
Dec 9		Performed consulting service for a client on? account, $2,200.
Dec12		Paid utilities? expenses,$200.
Dec18		Performed service for a client and received cash of $3,100.
Dec 21		Received $1,500 in advance for client service to be performed in the future.? (This increases the Unearned Revenue account which is a?liability.)
Dec21		Hired an administrative assistant to be paid $2,250 on the 20th day of each month. The secretary begins work immediately.
Dec26		Paid $250on account.
Dec28		Collected $300 on account.
Dec30		Paid cash dividends of $300 to stockholders.

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Requirement 1. Analyze the effects of Dunst Consulting's transactions on the accounting equation. Analyze the events chronologically, one transaction at a time. Beginning with the second transaction on the 2nd, calculate the balance in each account after analyzing the effect of the transaction on the accounting equation. After calculating the ending balance of each account on the 30th, 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.] lf an event has no effect on the accounting equation, leave the transaction line blank. Carry down al balances to the "Bal." ne, including zero balance accounts, entering a 0 for any zero balances. When more than one transaction occurs on the same date, enter the transactions into the accounting equation in the same order as shown in the question. Enter a decrease in an account with a minus sign or parentheses. Abbreviations used: AP Accounts Payable; AR Accounts Receivable: Com Common: Contr. Contributed: Div. Dividends; Equip Equipment; Exp. Expense; Furn. Furniture: Off Office: Rev. Revenue; Serv. Service: Sup. Supplies; Util. Utilities: Un Unearned EQUITY ASSETS LIABILITIES Contr. Capital Retained Earnings Cash AlR off. Equip, Furn. AP Un. Com, Div Serv. Rent Util, Sup. Rev. Exp. Exp. Stock 2 27.000