Karen White opens a research service near a college campus. She names the corporation White Researchers, Inc. During the first month of operations, June 2016, the business engages in these transactions: (Click the icon to view the transactions.) Requirements 1. Analyze the preceding transactions in terms of their effects on the accounting equation of White Researchers, Inc. 2. Prepare the income statement, statement of retained eamings, and balance sheet of White Researchers, Inc, after recording the transactions. Indicate the relationships within the statements that link them together. Requirement 1. Analyze the preceding transactions in terms of their effects on the accounting equation of White Researchers, Inc. (Use parentheses or a minus sign for numbers to be subtracted. If a box is not used in the table, leave the box empty, do not select a label or enter a zero. Enter the transactions in the same order as they appear in the transaction list.) Type of Stockholders Assets Liabilities Stockholders' Equity Equity Transaction Office Accounts Common Retained Cash+ SuppliesLandPayble Stock Earnings Choose from any list or enter any number in the input fields and then continue to the next question. Karen White opens a research servio business engages in these transactio 1 (Click the icon to view the transa Requirements 1. Analyze the preceding transacti 2. Prepare the income statement, month of operations c More Info a. White Researchers, Inc., ssues its common stock to Karen White, who invests $29,000 to open the business. he transactions. Ind purchases on account office supplies costing $350, c. White Researchers pays cash of $24,000 to acquire a lot next to the campus. The company intends to use the land as a building site for a business office. Requirement 1. Analyze the preced for numbers to be subtracted. If a bod. White Researchers performs research for clients and receives cash of (Use parentheses o ransactions in the sa they appear in the transaction list.) $2,500 White Researchers pays $80 on the account payable that it created in transaction b. e. f. White pays $2,400 of personal funds for a vacation g. White Researchers pays cash expenses for office rent ($390) and utilities Assets ($110). The business sells a small parcel of the land for its cost of $2,500. Office h. Cash Suplies. The business declares and pays a cash dividend of $900. Print Done Choose from any list or enter any n Karen White opens a research service near a college campus. She names the corporation White Researchers, Inc. During the first month business engages in these transactions: Click the icon to view the transactions.) Requirements 1. Analyze the preceding transactions in terms of their effects on the accounting equation of White Researchers, Inc. 2. Prepare the income statement, statement of retained earnings, and balance sheet of White Researchers,Inc, after recording the tran relationships within the statements that link them together. -L Liabilities . Stockholders Equity Equity Transaction Assets Accounts Common Retained PaybleStock +Earnings Office Cash SuppliesLand Choose from any list or enter any number in the input fields and then continue to the next question. Karen White opens a research service near a college campus. She names the corporation White Researchers, Inc. During the first month business engages in these transactions: Click the icon to view the transactions.) Requirements 1. Analyze the preceding transactions in terms of their effects on the accounting equation of White Researchers, Inc. 2. Prepare the income statement, statement of retained earnings, and balance sheet of White Researchers, Inc., after recording the tra st relationships within the statements that link them together. Bal Total Choose from any list or enter any number in the input fields and then continue to the next question. Karen White opens a research service near a college campus. She names the corporation White Researchers, Inc. During the first month of operations, June 2016, the business engages in these transactions: Click the icon to view the transactions.) Requirements 1. Analyze the preceding transactions in terms of their effects on the accounting equation of White Researchers, Inc. 2. Prepare the income statement, statement of retained eanings, and balance sheet of White Researchers, Inc, aferecording the relationships within the statements that link them together. Requirement 2. Prepare the income statement, statement of retained eanings, and balance sheet of Use parentheses or a minus sign for a net loss.) Review the accounting equation prepared in Requirement 1. t White Researchers, Inc, after recording the transactions by preparing the income statement for White Researchers, Inc. (If a box is not used in the statement, leave the box empty, do not select a label or enter a zero. White Reaserchers, Inc. Income Statement Month Ended June 30, 2016 Revenue Choose from any list or enter any number in the input fields and then continue to the next question. Karen White opens a research service near a college campus. She names the corporation White Researchers, Inc. During the first month of operations, June 2016, the business engages in these transactions: Click the icon to view the transactions.) Requirements 1. Analyze the preceding transactions in terms of their effects on the accounting equation of White Researchers, Inc. 2. Prepare the income statement, statement of retained earnings, and balance sheet of White Researchers, Inc, after relationships within the statements that link them together Revenue Expenses: Net income (loss) Choose from any list or enter any number in the input fields and then continue to the next question. Karen White opens a research service near a college campus. She names the corporation White Researchers, Inc. During the first month of operations, June 2016, the business engages in these transactions: Click the icon to view the transactions.) Requirements 1. Analyze the preceding transactions in terms of their effects on the accounting equation of White Researchers, Inc. 2. Prepare the income statement, statement of retained earnings, and balance sheet of White Researchers, Inc, after recording the transactions. relationships within the statements that link them together. Prepare the statement of retained earnings of White Researchers,Inc.(Complete all answer boxes. For entries wi appropriate column.) Review the accounting equation prepared in Requirement 1 White Researchers, Inc. Statement of Retained Earnings Month Ended June 30, 2016 Add: Subtotal Choose from any list or enter any number in the input fields and then continue to the next question. Karen White opens a research service near a college campus. She names the corporation White Researchers, Inc. During the first month of operations, June 2016, t business engages in these transactions: Click the icon to view the transactions.) Requirements 1. Analyze the preceding transactions in terms of their effects on the accounting equation of White Researchers, Inc. 2. Prepare the income statement, stateent of retained eamings, and balance sheei of Whie Researchers, nc, afer rcording the ransacions, Indicate the relationships within the statements that link them together. balance sheet in the next step by preparing the liabilities and Prepare the assets section of the balance sheet of White Researchers, Inc. Then, complete the stockholders' equity sections. (If a box is not used in the statement, leave the box empty, do not select a label or Review the accounting equation prepared in Requirement 1 White Researchers, Inc Balance Sheet June 30, 2016 Liabilities Assets Choose from any list or enter any number in the input fields and then continue to the next question. a research service near a college campus. She names the corporation White Researchers, Inc. During the first month of operations, June 2016, business engages in these transactions: Click the icon to view the transactions.) Requirements 1. Analyze the preceding transactions in terms of their effects on the accounting equation of White Researchers, Inc. 2. Prepare the income statement, statement of retained eamings, and balance s sheet of White Researchers, Inc., after recording the transactions. Indicate the relationships within the statements that link them together Assets Liabilities Stockholders' Equity Choose from any list or enter any number in the input fields and then continue to the next question. Karen White opens a research service near a college campus. She names the corporation White Researchers, Inc. During the first month of operations, June 2016, the business engages in these transactions: Click the icon to view the transactions.) Requirements 1. Analyze the preceding transactions in terms of their effects on the accounting equation of White Researchers, Inc. 2. Prepare the income statement statement of retained eamings, and balance shoet of White Researchers, Inc., after recording the ransactlons. Indicate relationships within the statements that link them together Indicate the relationships within the statements that link them toge nown to the statement of relaind caning. The amount from The amount from the the V flows to the balance sheet. 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