inz she operates as a corporation. The name of the new entity is Oliver and Associates, Inc. Jenn experienced the following events during the first month of operations Some of the events were personal and did not affect the accounting practice. Others were business transactions and should be accounted for by the business (Click the icon to view the events.) Read the requirements > Requirement 1. Enter each transaction in the expanded accounting equation of Oliver and Associates, Inc., as needed, calculating new balances after each transaction. (If a box is not used in the transaction, leave the box empty, do not enter a zero. If an event does not affect the accounts of the business, leave the entire transaction line blank. Carry down all balances, including zero balance accounts. Enter decreases with a minus sign or parentheses. Note the following abbreviations used in the accounting equation tables AR - Accounts receivable, AP Accounts payable, and CS = Common stock) Sep 3: Received $30,000 cash proceeds from refinancing her house. Llabilities Assets + Supplies - Furniture = Cash + + AR AP CS Stockholders' equity Retained earings Revenue Expense - Dividends + 3) Bal Requirements lance busin the fo 1. Enter each transaction in the expanded accounting equation of Oliver and Associates, Inc., as needed, calculating new balances after each transaction. 2. Determine the following items: a. Total assets b. Total liabilities c. Total stockholders' equity d. Net income or net loss for September Print Done - More Info Sep 3 Received $30,000 cash proceeds from refinancing her house. 5 $55,000 of common stock in the business was sold to Jenn Oliver. The cash proceeds were deposited in a new business bank account titled Oliver and Associates, Inc. 7 Paid $500 cash for office supplies for the new accounting practice. 9 Purchased $4,000 of office furniture for the accounting practice and agreed to pay the vendor within three months. 10 Jenn sold 1,500 shares of Honda stock, which she had owned for several years, receiving $18,000 cash. The cash from the sale of stock was deposited in her personal bank account. 14 A representative of a large company telephoned Jenn and told her of the company's intention to hire Oliver and Associates, Inc., as its accountants. 20 Finished accounting work for a client and sent the client a bill for $4,000. The client is expected to pay within two weeks. 27 Paid office rent, $2,300. 29 Paid $2,300 on account from the September 9th transaction. 30 Paid $200 of dividends to shareholders of Oliver and Associates, Inc. Print Done