of complete HW Score: 0%, 0 of 90 pts CP1-55 (book/static) Question Help Canyon Coron Company is a service based company that renta cances for use on local lakes and divers. Amber Wison graduated from college about 10 years ago. She worked for one of the 'Big Four accounting firms and became a CPA. Because she loves the outdoors, she decided to begin a new business that will combine her love of outdoor activities with her business knowledge. Amber decides that she wil create a new o proprietorship, Canyon Cance Company or CCC for short. The business began operations on November 1, 2018 Click the icon to view the actions.) Read the time Requirement 1. Analyze the effects of Canyon Cance Company's transactions on the accounting equation included to the following headings: Cash Accounts Receivable (AR) Office Supplies (On sup Canoes (UHI. Exp. Wages Expense (WageExpand Telephone Expense Tee up) Accounts Payable PUs Payable (w. PayTophone Payable (Telo. Po, Wilson, Capta Wilson, Winwals (Wide) Cance Rental Revenue (Rent Rov)Rent Expense (Port Exportes Expense Analyze the events chronologically, one transaction at a time, beginning with the transaction on November 1, For each transaction that follows the November 1st transaction calculate the balance in each account for analyzing its effect on the accounting equation, her calculating the ending balance of each account on November 30, calculate total assets and total abities and equity (Complete only the necessary answer boxes for your action lines. Do not enter any zers for your transaction lines Cany down l balances to the Baline, Ndluding zero balance accounts, entering av for any zero balances Enter a decrease in an account with a minus sign or parentheses) Assets Liabilities Equity Cash + AR UM Tele Wison, Wilson, + Rent - Rent . . Wage - Tele Pay Pay Capital Wind Exp. Exp Exp Exp Of + Cances AP- Sup Rev. 1 dit - Chapters 1-9 1 of 9 (0 complete) upany that rer outdoors, SH CCC for sho i More Info - x pars ago. She w iness knowledge punts Receivable e (Rent. Rev.); Ren n Canoe Compa 1. Pay.); Telephol d Telephone Exp saction at a time, on. After calculatin zeros for your trar | 1st transaction, ca es and equity. (Com ering a "0" for any zel Nov. 1 Received $16,000 cash to begin the company and gave capital to Amber 2 Signed a lease for a building and paid $1,200 for the first month's rent 3 Purchased canoes for $4,800 on account. 4 Purchased office supplies on account, $750. 7 Earned $1,400 cash for rental of canoes. 13 Paid $1,500 cash for wages. 15 Wilson withdrew $50 cash from the business. 16 Received a bill for $150 for utilities. (Use separate payable account.) 20 Received a bill for $175 for cell phone expenses. (Use separate payable account) 22 Rented canoes to Early Start Daycare on account, $3,000. 26 Paid $1,000 on account related to the November 3, 2018, purchase. 28 Received $750 from Early Start Daycare for canoe rental on November 22, 2018 30 Wilson withdrew $100 cash from the business, Canoes = A/P Tele. Exp. and then click Check A Print Done Clear All