IMAGE 1 this is ONLY to show the tutor that NOT all of the boxes must be filled out. TABLE / image two, please fill out the best you can. Thanks

= +Share Capital+Retained Earnings 1,300 5,500 1,800 1,900 Marking: Headings It appears as though you meant for the rst asset account to be 'Accounts Receivable', but you did not chose a heading. This will cost you 2 marks. It appears as though you meant for the second asset account to be 'Cash', but you did not chose a heading. This will cost you 2 marks. It appears as though you meant for the rst liability account to be 'Accounts Payable', but you did not chose a heading. This will cost you 2 marks. Transaction a You should have added $60,000 to the Cash column, but you have left this amount blank. This will cost you 1 mark. You should have added $60,000 to the Share Capital column, but you have left this amount blank. This will cost you 1 mark. The explanation for this transaction should be Investment, but you have not entered this. This will cost you 1 mark. This transaction does not affect the Retained Earnings column, but you have included it. This will cost you 1 mark. Transaction b You should have added $1,900 to the Cash column, but you have left this amount blank. This will cost you 1 mark. You should have added $1,900 to the Retained Earnings column, but you have entered an amount of $5,500. This will cost you 1 mark. The explanation for this transaction should be Commissions Earned, but you have not entered this. This will cost you 1 mark. Transaction c You should have subtracted $250 from the Retained Earnings column, but you have entered an amount of $1 ,800. This will cost you 1 mark. The explanation for this transaction should be Utilities Expense, but you have not entered this. This will cost you 1 mark. You should have added $250 to the Accounts Payable column, but you have left this amount blank. This will cost you 1 mark. Transaction d You should have added $1,800 to the Cash column, but you have left this amount blank. This will cost you 1 mark. You should have added $1,800 to the Retained Earnings column, but you have entered an amount of $1,900. This will cost you 1 mark. The explanation for this transaction should be Rent Earned, but you have not entered this. This will cost you 1 mark. Transaction e You should have added $5,500 to the Cash column, but you have left this amount blank. This will cost you 1 mark. You should have added $5,500 to the Retained Earnings column, but you have left this amount blank. This will cost you 1 mark. The explanation for this transaction should be Consulting Revenue Earned, but you have not entered this. This will cost you 1 mark. luestion 2 [50 points] Stake Technology Inc. began operations on May 1, 2014. The transactions for the rst month follow. a. A shareholder paid Stake Technology Inc. $80,000 cash for share capital in the business. b. Stake Technology Inc. collected $1,300 for commissions earned today. c. Stake Technology Inc. paid a $500 bill received today for an advertising campaign that ran last week. d. A client rented equipment for $5,500 cash. e. Performed consulting services today and collected $700. f. Stake Technology Inc. will pay this month's water utilities bill of $100 received today, within 30 days. 9. The bill for the $1,250 advertising campaign that ran last week was received today and paid. h. Stake Technology Inc. received this month's electrical utilities bill today and paid it immediately; $400. i. A client rented equipment for $100 cash. j. Stake Technology Inc. paid dividends of $1,400 to the shareholders. in out the following table, according to the transactions above. Select the headings for each column by clicking on the appropriate cell. Also indicate next to each change in equity (in the explanation column) whether it was aused by issuance of share capital (investment), a revenue, an expense or payment of dividends. Identify revenues and expenses by name. Calculate the total balance for each column (no + or - sign is required for totals). n addition to this. prepare an income statement, a statement of changes in equity and a balance sheet for the month ended May 31. I) Complete the following accounting equation table: _ = (a) _ (b) _ (c) _ (d) _ (e) _ (fl _ (9) _ (h) _ (I) _ a) (I) hare Capital+Retained Earnings +