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FA1 5 - Transactions Analys er 31) Balance Sheet A) Carl Savich owns Merryman Window Washing On November 30, 2022, their accounts and bala C) After all the transactions have been recorded, calculate Be sure to put each account in the correct portion (Ass updated balances of each account. Calculate the the starting owner's equity before you begin to record transactions A-L +DE) remains in balance Existing Accounts and Balance Transactions in December D) Once all of the updated balance 6 Use your Balance updated Balance Sheet dated on the last day of the month (October 31) resure that your formatting is com EQUITY Cash - $2750 # 1) Paid $800 to red owrit of the bank loan E) Answer the reflection que er your Bal Bank Loan - $9560 Supplies - $80D /1 2) The s from Hep Co. He has 30 days 10 pay T. Kwan (Debtor) - $420 3) The ABBETS LIABILITIES FOUR'S Cleanal Company (Creditor) - $124 ) A mere hoist (equipment) was pu NRC Co. for $2125. A cash down payment of $300 a Accounts Trucks - $15.050 A D. Pederson (Debtor) - $75 The aid hoist was included in the original Equipment ba chased for $550 Opening Balances Equipment - 512,947 and was said Transaction 1 App Company - $475 H ) $500 window-washing service is performed erson pays $575, both for this Transaction 2 Transaction 3 The truck was in a serious collision and is a witte-off. The insurance company pays Merrymen Window Washing $14 500 cash. Transaction 4 ) The remainder of the bank loan is peld off Transaction 5 9) A new truck costing $23 000 is purchased. An $8000 down payment is made. The remainder is Transaction need through a bank loan. Transaction 7 10) The amount still owed to Hipp Co. Is paid in full. Transaction 8 11) Supplies valued at $50 are taken out on a job and used up. Transaction 9 12) Sold $7000 mare of services to D. Pederson. Pederson paid $2000 now with the balance to be Reflection Questions received in 30 days . Transaction 10 1. Why is it necessary for record changes in a minimum of 2 accounts for each transaction? Transaction 12 3) Analyze the transactions of December 1, listed above, and record the necessary changes on the equation analysis sheet. Determine which accounts are impacted and record the necessary increase (+) or decrease (-) to that account's balance. NEW BALANCE 2. When analyzing a transaction, what is a good clue as to whether capital has increased or decreased? Ensure that every figure is recorded in the correct account (column) and transaction number 4 Create new accounts if necessary 3. Based on the opening balances and your updated balance sheet, what changes ges do you observe in the financial position of the busines