hi chegg staff, please explain in detail how you got your answer and the equations used. thank you.

helpful info.

Event Analysis Project Instructions: 1 Write out the accounts that would be used to capture the event out to the right of the event description ? Completing the table below by placing only the amounts from the events in the proper columns 3. After completing the table total up the columns and indicate what the profit (loss) amount is as well as the amounts for the accounting equation (make sure it balances) Events: aucunts a. Issued (sold) capital stock to the owners, S 12.000 b. Borrowed from the bank, $13,000. c. Purchased equipment using cash for $1.700, d. Paid the rent for one year in advance $6,000. e. Performed services for a client in the amount of $1,200, sending them an invoice f. Received but did not yet pay the telephone bill of $120 hour g Hired a new employee, to be paid $8 h. Paid the telephone bill in f. above, 1. Employee in g. above has worked 20 hours this week, will be paid at the end of next week J. Collected $800 of the $1,200 billed to customer in e. above k Issued and paid a dividend of $200 to the owners. 1. Made a payment on the loan to the bank from (b.) above. The note is for monthly payments of $600 at a 6% APR rate. Remember, you pay interest on the amount borrowed! Round results up to the nearest dollar. Owner's Equity -Retained Earnings- Capital Revenue (Expense) (Dividend) Stock Llabilities Assets Event a b C d. e f. g h 1 K. Totals Profit (Loss) is: The Accounting Equation is: (Use the amounts that go in the equations) Transaction Analysis Helpful Comments Read and follow the Instructions Acknowledge the difference between A/R and N/R as well as A/P and N/P Classification levels - "Asset" is not an account. "Liability" is not an account For example, cash is an account that is classified as an asset. Prepaid accounts (Rent) and Equipment accounts are an assets until they expire, then they become expense. How to calculate interest - The APR is charged on the amount outstanding on the loan, the balance owed, not on the payment amount. The payment amount is the amount of cash that will be paid. Principal (amount owed) X Rate % X Time (1/12) = Interest You should start labeling expenses by expense type. Example would be salary expense, utility expense, rent expense etc