Homework: Chapter homework Save 21323,1 HW Score: 0% , 0 of 1 pt gs an... 1 of 1 (0 complete) Score: 0 of 1 pt Like a CP1-55 Continuing Problem (similar to) EQuestion Help Wonder Widemess Company is a service-based company that rents canoes for use on local lakes and tivers. Avery and Zed Waker graduated from olege 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. Avery and Zed decide that they will create a new oorporation, Wonder Wildeness Company, or WWC for short. The business began operations on November 1, 2018. (Cick the icon to view the transactions.) Read the requirements. Requirement 1. Analyze the effects of Wonder Wildeness Company's transactions on the accoukng equation. Indluded are the following headings: Cash; Accounts Receivable (AR): Office Supplies (Of. Supx Canoes; Accounts Payable (A/P): Utltes Payable (Utl. Payx Telephone Payable (Tele. Pay )k Common Stock (CS): Dividends (Div.): Canoe Rental Revenue (Rent Rev Rent Expense (Rent Exp.) Utilties Expense (Usl. Exp.) Wagas Expense (Wage Exp.); and Telephone Expense (Tele. Exp.) Analyze the avents chronologically, one transaction at a time, beginning with the transaction on November 1. For each transaction that follows the November 1st transaction, calculate the balance in each account after analyzing its offect on the aooounting equation. After caloulating 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. IDo nof enter any zeros for your transaction ines.] 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.) Equity Liabilities Assets +Tele. CS -Wage Tele. Of Canoes Utbl. Diy Rent Rent Cash AR AP Usl Sup Pay Pay Rev Exp Exp. Exp. Exp. + Enter any number in the edit fields and then click Check Answer 17 Parts remaining Clear All Check Answer MacBook Air 4) ES F6 $ 4 # % & 3 5 7 8 9 0 E R T Y P II 1 of 1 (0 complete) -imilar to) company that rents canoes for use on local lakes and rivers. Avery and Zed Walker graduated from collec and became CPAS. Because they both love the outdoors, they decided to begin a new business that will c Zed decide that they will create a new corporation, Wonder Wilderness Company, or wWC for short. Th X i Requirements adings: Cash dends (Div.); t 1. Analyze the effects of Wonder Wilderness Company's transactions on the accounting equation. 2. Prepare the income statement of Wonder Wilderness Company for the month ended November 30, 2018. the Novembe ber 30, calcula wn all balance 3. Prepare the statement of retained earnings for the month ended November 30, 2018. 4. Prepare the balance sheet as of November 30, 2018. 5. Calculate the return on assets for Wonder Wilderness Company for November 2018. Wage Te Exp Ex Print Done ick Check Answer. Clear All MacBook Air Outdoor Adventure Company is a service-based company that rents canoes for use on local lakes and rivers. Alison and Zander Waldon 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. Alison and Zander decide that they will create a new corporation, Outdoor Adventure Company, or OAC for short The business began operations on November 1, 2018. iClick the icon to view the transactions.) Question Help Read the requirements. Nov. 1: Received $10,000 cash to begin the company and issued common stock to Alison and Zander. Step 1: Identify the accounts and the account type. The two accounts involved are Cash (an asset) and Common Stock (equity). Step 2: Decide if each account increases or decreases. Cash increases. The business has more cash than it had before. Common Stock increases. The business received a $10,000 contribution and issued stock Determine if the accounting equation is in balance. Cash, on the left side of the equation, increases by $10,000, whereas equity, on the right side of the equation, increases by $10,000. Thus, $10,000 $10,000. Step 3: nter any number in the edit fields and then click Check Answer Close Check Answer Skip Ahead Clear All 30 parts remaining MacBook Air Homework: Chapter homework Save 21323,1 HW Score: 0% , 0 of 1 pt gs an... 1 of 1 (0 complete) Score: 0 of 1 pt Like a CP1-55 Continuing Problem (similar to) EQuestion Help Wonder Widemess Company is a service-based company that rents canoes for use on local lakes and tivers. Avery and Zed Waker graduated from olege 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. Avery and Zed decide that they will create a new oorporation, Wonder Wildeness Company, or WWC for short. The business began operations on November 1, 2018. (Cick the icon to view the transactions.) Read the requirements. Requirement 1. Analyze the effects of Wonder Wildeness Company's transactions on the accoukng equation. Indluded are the following headings: Cash; Accounts Receivable (AR): Office Supplies (Of. Supx Canoes; Accounts Payable (A/P): Utltes Payable (Utl. Payx Telephone Payable (Tele. Pay )k Common Stock (CS): Dividends (Div.): Canoe Rental Revenue (Rent Rev Rent Expense (Rent Exp.) Utilties Expense (Usl. Exp.) Wagas Expense (Wage Exp.); and Telephone Expense (Tele. Exp.) Analyze the avents chronologically, one transaction at a time, beginning with the transaction on November 1. For each transaction that follows the November 1st transaction, calculate the balance in each account after analyzing its offect on the aooounting equation. After caloulating 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. IDo nof enter any zeros for your transaction ines.] 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.) Equity Liabilities Assets +Tele. CS -Wage Tele. Of Canoes Utbl. Diy Rent Rent Cash AR AP Usl Sup Pay Pay Rev Exp Exp. Exp. Exp. + Enter any number in the edit fields and then click Check Answer 17 Parts remaining Clear All Check Answer MacBook Air 4) ES F6 $ 4 # % & 3 5 7 8 9 0 E R T Y P II 1 of 1 (0 complete) -imilar to) company that rents canoes for use on local lakes and rivers. Avery and Zed Walker graduated from collec and became CPAS. Because they both love the outdoors, they decided to begin a new business that will c Zed decide that they will create a new corporation, Wonder Wilderness Company, or wWC for short. Th X i Requirements adings: Cash dends (Div.); t 1. Analyze the effects of Wonder Wilderness Company's transactions on the accounting equation. 2. Prepare the income statement of Wonder Wilderness Company for the month ended November 30, 2018. the Novembe ber 30, calcula wn all balance 3. Prepare the statement of retained earnings for the month ended November 30, 2018. 4. Prepare the balance sheet as of November 30, 2018. 5. Calculate the return on assets for Wonder Wilderness Company for November 2018. Wage Te Exp Ex Print Done ick Check Answer. Clear All MacBook Air Outdoor Adventure Company is a service-based company that rents canoes for use on local lakes and rivers. Alison and Zander Waldon 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. Alison and Zander decide that they will create a new corporation, Outdoor Adventure Company, or OAC for short The business began operations on November 1, 2018. iClick the icon to view the transactions.) Question Help Read the requirements. Nov. 1: Received $10,000 cash to begin the company and issued common stock to Alison and Zander. Step 1: Identify the accounts and the account type. The two accounts involved are Cash (an asset) and Common Stock (equity). Step 2: Decide if each account increases or decreases. Cash increases. The business has more cash than it had before. Common Stock increases. The business received a $10,000 contribution and issued stock Determine if the accounting equation is in balance. Cash, on the left side of the equation, increases by $10,000, whereas equity, on the right side of the equation, increases by $10,000. Thus, $10,000 $10,000. Step 3: nter any number in the edit fields and then click Check Answer Close Check Answer Skip Ahead Clear All 30 parts remaining MacBook Air