Jordan Shore worked as an accountant at a local accounting firm for five years after graduating from college. She recently opened her own accounting practice, which she operates as pluring the first month of operations. Some of the - X be accounted for by the business 0 More Info (Click the icon to v Read the requirements balances after each he business, leave s Note the Requirement 1. Enter transaction (If a box is the entire transaction in following abbreviations Apr 3. Received $25,000 Apr 3Received $25,000 cash proceeds from refinancing her house. 5599,000 of common stock in the business was sold to Jordan Shore. The cash proceeds were deposited in a new business bank account titled Shore and Associates, Inc. 7 Paid S600 cash for office supplies for the new accounting practice 9 Purchased $3,100 of office furniture for the accounting practice and agreed to pay the vendor within three months. 10 Jordan sold 500 shares of Nissan stock, which she had owned for several years, receiving $7,000 cash. The cash from the sale of stock was deposited in her personal bank account 14 A representative of a large company telephoned Jordan and told her of the company's intention to hire Shore and Associates, Inc., as its accountants 20 Finished accounting work for a client and sent the client a bill for $3,200. The client is expected to pay within two weeks 27 Paid office rent, 51,300 29 Paid $2.500 on account from the April 9th transaction 30 Paid 5700 of dividends to shareholders of Shore and Associates, Inc Cash Bal Apr 5. 599.000 of com and Associates, Inc countitled Shore Print Done Enter any number in the edit selds and then continue to the next question Jordan Shore worked as an accountant at a local accounting firm for five years after graduating from college. She recently opened her own accounting practice, which she operates as a corporation. The name of the new entity is Shore and Associates, Inc. Jordan 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 Shore 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.) Apr 3 Received $25,000 cash proceeds from refinancing her house Assets Liabilities Cash + AR + Supplies Furniture - AP CS Stockholders' equity Retained earnings Revenue Expense Dividends Apr 5 599,000 of common stock in the business was sold to Jordan Shore. The cash proceeds were deposited in a new business bank account titled Shore and Associates, Inc Jordan Shore worked as an accountant at a local accounting firm for five years after graduating from college. She recently opened her own accounting practice, which she operates as a corporation. The name of the new entity is Shore and Associates, Inc. Jordan 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 Apr 5.599,000 of common stock in the business was sold to Jordan Shore. The cash proceeds were deposited in a new business bank account titled Shore and Associates Inc Assets Stockholders' equity Liabilities + AP Cash + AR Supplies - Furniture CS Retained earnings Revenue Expense Dividends Apr Pad 5600 cash for office supplies for the new accounting practice Assets abilities Stockholders' equity Cash AR Supplies - Furniture AP + Retained earnings Revenue Expense Dividends Enter any number in the edit fields and then continue to the next question Read the requirements Apr 7: Paid 5600 cash for office supplies for the new accounting practice. Assets = Liabilities + Cash AR Supplies Furniture - AP CS Stockholders' equity Retained earnings Revenue - Expense - Dividends Apr 9. Purchased $3,100 of office furniture for the accounting practice and agreed to pay the vendor within three months. Assets Liabilities + AP + Cash AR Supplies - Furniture - CS Stockholders' equity Retained earnings Revenue Expense Dividends Jordan Shore worked as an accountant at a local accounting firm for five years after graduating from college. She recently opened her own accounting practice which she operates as a corporation. The name of the new entity is Shore and Associates, Inc. Jordan 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 Apr 10: Jordan sold 500 shares of Nissan stock, which she had owned for several years, receiving $7,000 cash. The cash from the sale of stock was deposited in her personal bank account. Assets Llabilities Stockholders' equity Cash + AR + Supplies - Furniture AP + Retained earnings Revenue Expense Dividends Apr 14 A representative of a large company telephoned Jordan and told her of the company's intention to hire Shore and Associates, Inc. as its accountants + Assets + Supplies - Fumiture - Liabilities AP Cash + AR CS Stockholders' equity Retained earnings Revenue Expense - Dividends 101 . . . + Enter any number in the edit fields and then continue to the next question Apr 14: A representative of a large company telephoned Jordan and told her of the company's intention to hire Shore and Associates, Inc, as its accountants Assets = Liabilities + Stockholders' equity Cash + AR + Supplies - Furniture - AP CS Retained earnings Revenue - Expense - Dividends Apr 20: Finished accounting work for a client and sent the client a bill for $3,200. The client is expected to pay within two weeks Assets Liabilities - Stockholders' equity Cash + AR + Supplies + Furniture AP + CS Retained earnings Revenue - Expense Dividends Enter any number in the edit fields and then continue to the next question Apr 27: Paid office rent, $1,300 Assets = Cash + AR Supplies + Furniture = Stockholders' equity Liabilities AP + + S + Revenue Expense Dividends Bal Apr 29: Paid $2,500 on account from the April 9th transaction Assets Cash - AR Supplies + Furniture Liabilities AP + CS + Stockholders' equity Retained earnings Revenue - Expense - Dividends Enter any number in the edit fields and then continue to the next question Apr 29: Paid $2,500 on account from the April 9th transaction Assets = Cash + AR Supplies Furniture = + Liabilities AP cs + Stockholders' equity Retained earnings Revenue - Expense - Dividends Apr 30: Paid 5700 of dividends to shareholders of Shore and Associates, Inc. Assets + Supplies + Furniture - Cash + AR Liabilities AP + + CS + Stockholders' equity Retained earnings Revenue. Expense - Dividends Enter any number in the edit Melds and then continue to the next question Apr 30: Paid $700 of dividends to shareholders of Shore and Associates, Inc. Cash + AR Assets = + Supplies + Furniture = Liabilities AP + + CS + Stockholders' equity Retained earnings Revenue - Expense - Dividends Bal Requirement 2. Determine the following items: Total assets b. Total liabilities Total stockholders' equity Net income (loss) for April Apr 3 Received $25,000 cash proceeds from refinancing her house. 5$99,000 of common stock in the business was sold to Jordan Shore. The cash proceeds were deposited in a new business bank account titled Shore and Associates, Inc. 7 Paid $600 cash for office supplies for the new accounting practice. 9Purchased $3,100 of office furniture for the accounting practice and agreed to pay the vendor within three months. 10 Jordan sold 500 shares of Nissan stock, which she had owned for several years, receiving $7,000 cash. The cash from the sale of stock was deposited in her personal bank account. 14 A representative of a large company telephoned Jordan and told her of the company's intention to hire Shore and Associates, Inc., as its accountants. 20 Finished accounting work for a client and sent the client a bill for $3,200. The client is expected to pay within two weeks. 27 Paid office rent, $1,300 29 Paid $2,500 on account from the April 9th transaction. 30 Paid $700 of dividends to shareholders of Shore and Associates, Inc. 1. Enter each transaction in the expanded accounting equation of Shore 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 April Jordan Shore worked as an accountant at a local accounting firm for five years after graduating from college. She recently opened her own accounting practice, which she operates as a corporation. The name of the new entity is Shore and Associates, Inc. Jordan 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 Shore 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. Entor 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.) Apr 3. Received 25,000 cash proceeds from refinancing her house. Assets - Liabilities + Supplies + Furniture = AP Cash AR + CS + Stockholders' equity Retained earnings Revenue - Expense. Dividends Apr 5.599000 of common stock in the business was sold to Jordan Shore. The cash proceeds were deposited in a new business bank account titled Shore and Associates, Inc