i need the solution for all the requierments which is mentioned in third photo, it is also some more info in last photo about transaction if its needed. Thanks
Score: 0 of 10 pts 2 of 2 (1 complete HW Score: P2-33A (similar to) The following amounts summarize the financial position of Smith Consulting, Inc. on May 31, 2017: (Click the icon to view the May 31, 2017 financial position) (Click the icon to view the transactions.) Requirements Requirement 1. Analyze the effects of the transactions on the accounting equation of Smith Consulting, Inc. Enter the transactions in the accounting equation, beginning with transaction a. For transactions that affect shareholders' equity, select the type of equity transaction. After all transactions have been entered, calculate the account and the total assets and total liabilities and shareholders' equity. (Use parentheses or a minus sign when decreasing accounts. Only complete the necessary answer boxes, leaving unused cells blank. Assets Liabilities Shareholders' Equity Accounts Accounts Common Retained Type of Equity Cash + Receivable + Supplies + Land Payable Shares Earnings Transaction Bal 1.450 + 1.250 + O + 12,400 - 7,500 3.800 3.800 (a) . - Choose from any ist or enter any number in the input fields and then click Check Answer Data Table ar Assets Liabilities 2 Accounts Accounts Shareholders' Equity Common Retained Shares Earnings Cash + Receivable + Supplies + Land + + Payable 7,500 Bal. 1,450 1,250 12,400 3,800 3,800 Print Done . X i Requirements 1. 2. Analyze the effects of the transactions on the accounting equation of Smith Consulting, Inc. Prepare the income statement of Smith Consulting, Inc. for the month ended June 30, 2017. List expenses in decreasing order by amount. Prepare the entity's statement of retained earnings for the month ended June 30, 2017. Prepare the balance sheet of Smith Consulting, Inc. at June 30, 2017. 3. 4. Print Done 0 More Info During June 2017, the business completed these transactions: a. Received cash of $8,700 and issued common shares. b. Performed services for a client and received cash of $6,500. C. Paid $4,300 on accounts payable. d. Purchased supplies on account, $900. Collected cash from a customer on account, $100. f. Consulted on the design of a business report, and billed the client for services rendered, $2,700. g. Recorded the following business expenses for the month: paid office rent, $800: paid advertising, $500. h. Declared and paid a cash dividend of $2,200. e Print Done