Obj. 2 EX 1-3 Business entity assumption Ozark Sports sells hunting and fishing equipment and provides guided hunting and fishin trips. Ozark is owned and operated by Eric Griffith, a well-known sports enthusiast and hunt Eric's wife, Linda, owns and operates Lake Boutique, a women's clothing store. Eric and Linda have established a trust fund to finance their children's college education. The trust fund is maintained by Missouri State Bank in the name of the children, Mark and Steffy. A. For each of the following transactions, identify which of the entities listed should record the transaction in its records: Entities Lake Boutique M Missouri State Bank Ozark Sports None of the above 1. Linda authorized the trust fund to purchase mutual fund shares. 2. Linda purchased two dozen spring dresses from a St. Louis designer for a special spring sale. 3. Eric paid a breeder's fee for an English springer spaniel to be used as a hunting guide dog. 4. Linda deposited a $2,000 personal check in the trust fund at Missouri State Bank. 5. Eric paid a local doctor for his annual physical, which was required by the workers' compensation insurance policy carried by Ozark Sports. 6. Eric received a cash advance from customers for a guided hunting trip 7. Linda paid her dues to the YWCA. 8. Linda donated several dresses from inventory for a local charity auction for the benefit of a women's abuse shelter. 9. Eric paid for dinner and a movie to celebrate their twelfth wedding anniversary. 10. Eric paid for an advertisement in a hunters' magazine. What is a business transaction? B Obj. 2 tee, Inc. and $5,272 EX 1-4 Accounting equation The total assets and total liabilities (in millions) of Keurig Green Mountain Coffee. In Starbucks Corporation follow: Keurig Starbucks Assets $4.797 $10,753 Liabilities 1,338 5,481 Determine the stockholders' equity of each company. 171 EX 1-5 Accounting equation Obj. 3 The total assets and total liabilities (in millions) of Dollar Tree Inc. and Target Corporation follow: RLD Dollar Tree Assets $2,772 Liabilities 1,601 Determine the stockholders' equity of each company. Target $44,553 28,322