Read the mes Requirement Analyse the effects of the events on the accounting equation of the sole proprietorship of Alec Shelton, CA your transaction Anly the mans shandogically, one transaction at a time beginning with the transaction on the 5th. For each transaction that follows the transaction on the 5th, calculate the balance in each account after analyzing its effect on the accounting quation After calculating the ending balance of each account on the 30th, calculate total essets and total tubes and equity (Complete only the necessary anewer bosss for your transaction lines. (Do not seter any s Ink Carty wn hances to the "eline, including rero balance accounts entering a "0" for any ere balances Enter a decrease in an account with a minus sign or parentheses Abbreviations and A-Accounts Payable Adt- Aus HC Captal Exp Expense Fum Fumitur Liab Labites Rev Hovenue Sup Supplies UM U Withdr Shelton, Wit) Cash AR ASSETS LIAB Offen - Fm A Dup EQUITY Wind Service Rant Rev U Exp Exp Requirements Enter any number in the eat folds and then click Check Answer 1. Analyze the effects of the events on the accounting equation of Alec Shelton CPA 2. Prepare the following financial statements income statement b. Statement of owner's equity c. Balance sheet Print Done