Presented in the bar chart below are a company's total assets, total abilities, and total stockholders equlty after each of tive transactions in Its first year of business. The bar on the left is total assets, and the stacked bar on the right Includes total llabilities and total stockholders' equity. Beginning balances prior to Transaction 1 are $0. Answer the following questions: Assets, Liabilities, and Stockholders' Equity After Five Transactions $120,000 $100,000 $80,000 Assets Liabilities Stockholders' Equity $60,000 $40,000 $20,000 $0 Beg - $0 1 2 4 5 Transactions Click here to open the graphs in a new tab. Required: 1. Transaction 1 depicts the issuance of common stock for cash. How does this transaction affect the accounting equation? 2a. How does Transaction 2 affect the accounting equation? 2b. Which of the following transaction descriptions is depicted by Transaction 2? 3a. How does Transaction 3 affect the accounting equation? 3b. Which of the following transaction descriptions is depicted by Transaction 3? 4a. How does Transaction 4 affect the accounting equation? 4b. Which of the following transaction descriptions is depicted by Transaction 4? 5a. How does Transaction 5 affect the accounting equation? 5b. Which of the following transaction descriptions is depicted by Transaction 5? 6. What is true after each of the five transactions? Complete this question by entering your answers in the tabs below. Rey 1 Reg 2A Req 28 Reg 3A Req 3B Req 4A Req 4B Req 5A Req 5B Req 6 Presented in the bar chart below are a company's total assets, total abilities, and total stockholders equlty after each of tive transactions in Its first year of business. The bar on the left is total assets, and the stacked bar on the right Includes total llabilities and total stockholders' equity. Beginning balances prior to Transaction 1 are $0. Answer the following questions: Assets, Liabilities, and Stockholders' Equity After Five Transactions $120,000 $100,000 $80,000 Assets Liabilities Stockholders' Equity $60,000 $40,000 $20,000 $0 Beg - $0 1 2 4 5 Transactions Click here to open the graphs in a new tab. Required: 1. Transaction 1 depicts the issuance of common stock for cash. How does this transaction affect the accounting equation? 2a. How does Transaction 2 affect the accounting equation? 2b. Which of the following transaction descriptions is depicted by Transaction 2? 3a. How does Transaction 3 affect the accounting equation? 3b. Which of the following transaction descriptions is depicted by Transaction 3? 4a. How does Transaction 4 affect the accounting equation? 4b. Which of the following transaction descriptions is depicted by Transaction 4? 5a. How does Transaction 5 affect the accounting equation? 5b. Which of the following transaction descriptions is depicted by Transaction 5? 6. What is true after each of the five transactions? Complete this question by entering your answers in the tabs below. Rey 1 Reg 2A Req 28 Reg 3A Req 3B Req 4A Req 4B Req 5A Req 5B Req 6
