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Question 3 [30 points] Based on the following transactions, complete the table shown below. a. The business issued shares to shareholders for $35,000. b.
Question 3 [30 points] Based on the following transactions, complete the table shown below. a. The business issued shares to shareholders for $35,000. b. Provided consulting services to a customer and collected $800. c. Weber Inc. collected $7,500 for commissions earned today. d. A client rented equipment for $1,300 cash. e. Weber Inc. used credit to purchase $1,750 of equipment. f. Weber Inc. used $500 cash and $1,750 credit to purchase new equipment worth $2,250. g. Weber Inc. returned to the supplier $1,750 of equipment discovered to be defective. It was originally purchased a h. $300 of commissions were earned and collected today by Weber Inc. i. Weber Inc. bought $4,000 of equipment, using $1,000 cash and $3,000 on account. j. Weber Inc. paid dividends of $1,400 to the shareholders. To complete the table shown below, identify the headings for each column by clicking on the appropriate cell and maki on the elements of the equation. Show new totals after each transaction (no + or -sign is required for totals). Also indi issuance of share capital (investment), a revenue, an expense or payment of dividends. Identify revenues and expensa Do not leave any balances blank, unless the balance is zero. Assets Liabilities Equity +Share Capital+Retained Earnings Explanation (a) (b) Bal. (c) Bal. (d) Bal. (e) Bal. (0) Bal. (g) 24C Partly sunny
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