ransaction. After all transactions have been entered, calculate the ending balance of each account as well as the total assets a zero. Use parentheses or a minus sign for numbers to be subtracted.) the journal entry table.) \begin{tabular}{|c|c|c|c|} \hline Date & Account Titles and Explanation & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Date & Account Titles and Explanation & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Next, record the March 25 transaction. The business paid office rent of $3,750. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) \begin{tabular}{|c|c|c|c|} \hline Date & Account Titles and Explanation & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{c|c|c|c} \hline Date & Account Titles and Explanation & Debit & Credit \\ \hline \hline & & & \\ \hline \end{tabular} Requirement 2. Analyze the effects of the events on the accounting equation of Gerbing View Estates Ltd. uirement 3. At the end of the first month of operations, Gerbing has a number of questions about the financial standing of the business. Explain the following to him. ow can the business have more cash than retained earnings? cash balance takes into consideration including cash received from the issuance of shares. Share issuances go into the Common Shares account, which Retained Earnings. Retained Earnings, on hand, holds the amounts of the revenues and the expenses, which received or paid in cash. Therefore, there relationship between cash and retained earnings. ow much in total resources the business has, how much it owes, and what Gerbing's ownership interest is in the assets of the business. t is the business's total resources? t is the business's total liabilities? t is Gerbing's ownership interest in the assets of the business? ransaction. After all transactions have been entered, calculate the ending balance of each account as well as the total assets a zero. Use parentheses or a minus sign for numbers to be subtracted.) the journal entry table.) \begin{tabular}{|c|c|c|c|} \hline Date & Account Titles and Explanation & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Date & Account Titles and Explanation & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Next, record the March 25 transaction. The business paid office rent of $3,750. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) \begin{tabular}{|c|c|c|c|} \hline Date & Account Titles and Explanation & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{c|c|c|c} \hline Date & Account Titles and Explanation & Debit & Credit \\ \hline \hline & & & \\ \hline \end{tabular} Requirement 2. Analyze the effects of the events on the accounting equation of Gerbing View Estates Ltd. uirement 3. At the end of the first month of operations, Gerbing has a number of questions about the financial standing of the business. Explain the following to him. ow can the business have more cash than retained earnings? cash balance takes into consideration including cash received from the issuance of shares. Share issuances go into the Common Shares account, which Retained Earnings. Retained Earnings, on hand, holds the amounts of the revenues and the expenses, which received or paid in cash. Therefore, there relationship between cash and retained earnings. ow much in total resources the business has, how much it owes, and what Gerbing's ownership interest is in the assets of the business. t is the business's total resources? t is the business's total liabilities? t is Gerbing's ownership interest in the assets of the business
