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Oppong Corporation began operations on July 1, 2014. The transactions for the first month follow a. Oppong Corporation issued shares to shareholders for $30,000. b.

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Oppong Corporation began operations on July 1, 2014. The transactions for the first month follow a. Oppong Corporation issued shares to shareholders for $30,000. b. Oppong Corporation performed consulting services for a customer and received $300. c. Oppong Corporation purchased supplies by paying $500 cash. d. A client rented equipment for $7,500 cash. e. Oppong Corporation received this month's utilities bill today and paid it immediately, $200. f. Oppong Corporation bought $500 of supplies paying $100 cash and $400 on account g. Oppong Corporation purchased supplies by paying $500 cash. h. $600 of commissions were earned and collected today by Oppong Corporation. i. The bill for the $750 advertising campaign that ran last week was received today and paid. 1. Oppong Corporation paid dividends of $1,100 to the shareholders. Fill out the following table, according to the transactions above Select the headings for each column by clicking on the appropriate cell. Also indicate next to each change in equity (in the explanation column) whether it was caused by issuance of share capital investment), a revenue, an expense or payment of dividends. Identify revenues and expenses by name. Calculate the total balance for each column (no + or - sign is required for totals). In addition to this, prepare an income statement a statement of changes in equity and a balance sheet for the month ended July 31. a) Complete the following accounting equation table: Assets Liabilities Equity Explanation +Share Capital+Retained Earnings ( Baga Beane (d) () (g) (h) ) ENG 8:36 PM 2022-01-30 oc 0 0 Bal b) Complete the following income statement (select one) Income Statement (select one) c) Complete the following statement of changes in equity (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earings Equity IX Complete the following balance sheet c) Complete the following statement of changes in equity (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity d) Complete the following balance sheet: (select one) Balance Sheet (select one) x x x x x x

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