Please resolve!!!
Angela Peters practiced law with a partnership for 10 years. Recently she opened her own law office, which she operates as a proprietorship. The name of the new entity is Angela Peters, Attorney. Peters experienced the following events during the organizing phase of the new business and its first month of operation. Some of the events were personal and did not affect the law practice. Others were business transactions and should be accounted for by the business.
Mar 1 Sold personal investment in eBay stock, which she had owned for several years, receiving $31,000 cash.
2 Deposited the $31,000 cash from sales of the eBay stock in her personal bank account
3 Received $139,000 cash from former law partners
5 Deposited $89,000 cash in new business bank account titled Angela Peters, Attorney. The business gave capital to Peters.
7 Paid $400 cash for ink cartridges for the printers
9 Purchased computer for the law office, agreeing to pay the amount $9,300, within three months.
23 Finished court hearings on behalf of client and submitted a bill for legal services, $13,500, on account.
30 Paid utilities, $1,200
31 Peter withdrew cash of $2,000.
Analyze the effects of the preceding events on the accounting equation of the proprietorship of Angela Peters, Attorney.
At March 31, compute the business
Question 11 (5 points) John Rawls' contractarian moral theory suggests that "Behind the I am stripped of any knowledge of my position. I don't know if I'll be old, young, rich, poor, well, unwell, male or female; and I don't know if I will catch COVID-19 or if I do, what resources I will need," Oveil of utility veil of autonomy veil of harm veil of ignoranceQuestion 15 (1 point) v' Saved A promoter that enters into pre-incorporation contracts is personally liable unless the corporation assumes liability via contract after incorporation Question 16 (1 point) ~/ Saved Sue is negotiating a contract to become CEO of June, Inc. Sue wants to know if there is any protection she should negotiate to protect her personal assets. Which of the below will NOT protect Sue with reference to personal liability as a CEO? 0 Exculpatory clause 6) Business Judgment Rule O D & 0 Insurance O Piercing the Corporate Veil Question 17 (1 point) v' Saved Shareholder must approve any fundamental changes affecting the corporation. D AABbC AaBbCc Aab AaBbCCC Aal Normal No Spac... Heading 1 Heading 2 Title Subtitle Subt Paragraph Styles Question 16 What does the term "piercing the corporate veil" mean? 1. Financing provided by professional, outside investors 2, A situation where the shareholders of a corporation are exposed to personal liability 3. Refers to power enumerated in the articles of incorporation or Corporate by laws 4. A slang term for the articles of incorporationMore Info X 3 Paid $300 for the purchase of office supplies. 8 Paid $30,000 cash to purchase land for an office site. 12 Purchased office equipment on account, $2,800. 17 Borrowed $5,000 from the bank. Alton signed a note payable to the bank in the name of the business. 26 Paid $2,400 on account. 30 Revenues earned during the month included $7,000 cash and $21,000 on account. 30 Paid employees' salaries, $2,650; office rent, $1,300; and utilities, $150. 30 Paid $3,000 of dividends to stockholder, Alton. anlanguage of (?) 4. The "basic raw materials" of accounting are composed of business (?) Transaction data 5. Each state has laws providing for the licensing for certified public accountants. Who are commonly called (?) CPA 6. The applicability of accounting in an individual economic unit in society is based on the business (?) 7. A separate legal entity organized in accordance with state or federal statutes and in which owner- ship is divided into shares of stock is referred to as a (an) (?) 8. A partnership is owned by (?) or more individuals