Question Help Jemma Shore worked as an accountant at a local accounting firm for five years after graduating from college. She recently opened her own accounting practice, which she operates as a corporation. The name of the new entity is Shore and Associates, Inc. Jemma experienced the following events during the first month of operations Some of the events were personal and did not affect the accounting practice. Others were business transactions and should be accounted for by the business (Click the icon to view the events.) Revenue Expense Dividends 3) 80.000 30.000 80,000 Bal 80.000 0 0 0 0 Enter any number in the edit fields and then click Check Answer an tid pel Sep 3Received $100,000 cash proceeds from refinancing her house. 5$70,000 of common stock in the business was sold to Jemma Shore. The cash proceeds were deposited in a new business bank account titled Shore and Associates, Inc. 7 Paid $450 cash for office supplies for the new accounting practice 9 Purchased $5,200 of office furniture for the accounting practice and agreed to pay the vendor within three months 10 Jemma sold 70 shares of Honda stock, which she had owned for several years, receiving $910 cash. The cash from the sale of stock was deposited in her personal bank account ee Print Done el $9TU casn. The casn from the sale or stock was deposited in ner personal bank account 14 A representative of a large company telephoned Jemma and told her of the company's intention to hire Shore and Associates, Inc., as its accountants 20 Finished accounting work for a client and sent the client a bill for $3,000. The client is expected to pay within two weeks. 27 Paid office rent. $1,500. 29 Paid $2.500 on account from the September 9th transaction 30 Paid $600 of dividends to shareholders of Shore and Associates, Inc. 0 ed Print Done 9 of 10 (10 complete) i Requirements al 1. Enter each transaction in the expanded accounting equation of Shore and Associates, Inc., as needed, calculating new balances after each transaction. 2. Determine the following items: a. Total assets b. Total liabilities c. Total stockholders' equity d. Net income or net loss for September Print Done