Requirement 1. Analyze the effects of the preceding events on the accounting equation of Bob Bailey, Attorney. Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 1st. For each transaction that follows the transaction on the 1st, calculate the balance in each account after analyzing its effect on the accounting equation. After calculating the ending balance of each account on the 31st, calculate total assets and total liabilities and equity. (Complete only the necessary input fields for your transaction lines. If a transaction is personal and does not affect the business, leave the transaction line blank. Carry down all balances to the "Bal." line, including zero balance accounts, entering a 0 for any zero balances. Enter a decrease in an account with a minus sign or parentheses. Abbreviations used: A/P = Accounts Payable; A/R = Accounts Receivable; Com. = Common; Contr. Cap. Contributed Capital; Div. = Dividends; Comp. = Computer; Exp. = Expense; Liab. = Liabilities; Misc. = Miscellaneous; Rev. = Revenue; Sup.= Supplies; Util. = Utilities.) 3/1 3/2 Cash + ASSETS A/R + Sup. + + Comp. + + = LIAB. + = A/P + + + Contr. Cap. Com. Stock - Div. EQUITY Retained Earnings + Service Rev. + + - Util. Exp. - Misc. Exp. Question Viewer

transaction on the tst, I assets and total liabiliti - Carry down all balance AAP= Accounts Payabl. llaneous; Rev = Revent transaction on the tst, I assets and total liabiliti - Carry down all balance AAP= Accounts Payabl. llaneous; Rev = Revent