Save C Score: 0 15 of 1 pt 1 of 1 (1 complete HW Score: 14 73% 0 15 of 1 CPF1-55 (similar to) Question Help Golden Lake Company is a service based company that rents canoes for use on local lakes and rivers Andrea and Zon Washington graduated from college about 10 years ago. They both worked for one of the Big Four accounting firms and became CPAs. Because they both love the outdoors, they decided to begin a new business that will combine their love of outdoor activities with their business knowledge. Andrea and Zion decide that they will stopte a new corporation, Golden Lake Company, or GLC for short The business began operations on November 1, 2024 Click the icon to view the transactions) Read the time Assets Liabilities) Equity Cash AR Of Canon AP + + Tele CS Div - Rent Rent UN Wage Tele Sup Pay Pay Rev Exp Exp Exp Exp Bal 24.000 0 300 4200 0.25 000 1,000 0 0 2000 Bal 20.000 0 4.200 0 ol. 25.000 0. 2000 1.000 . 1.700 Bal 24.300 0+ 300+ 25.000 0 2000 1,000 72.000 13 1700 1700 + 15 Bal Enter any number in the edit Delds and then click Check Answer Clear All Check An 11 par remaining Requirements 1. Analyze the effects of Golden Lake Company's transactions on the accounting equation. Include these headings: Cash, Accounts Receivable, Office Supplies, Canoes, Accounts Payable, Utilities Payable, Telephone Payable, Common Stock Dividends, Canoe Rental Revenue, Rent Expense, Utilities Expense, Wages Expense, and Telephone Expense 2. Prepare the income statement of Golden Lake Company for the month ended November 30, 2024 3. Prepare the statement of retained earnings for the month ended November 30, 2024 4. Prepare the balance sheet as of November 30, 2024. 5. Calculate the return on assets for Golden Lake Company for November 2024. Print Done More Info D th Nov. 1 to Andrea and Zion. Nov. 2 Signed a lease for a building and paid $1,000 for the first month's rent Nov. 3 Purchased canoes for $4,200 on account. Nov. 4 Purchased office supplies on account, $800. Nov. 7 Earned $2,000 cash for rental of canoes. Nov. 13 Paid $1,700 cash for wages. Nov. 15 Paid $600 dividends to stockholders. Nov. 16 Received a bill for $190 for utilities. (Use separate payable account.) Received a bill for $140 for cell phone expenses. (Use separate payable Nov. 20 account) Nov. 22 Rented canoes to Tender Time on account, $2,800. Nov. 26 Paid $1,800 on account related to the November 3, 2024, purchase Received $1,100 from Tender Time for canoe rental on November 22, Nov. 28 2024 Nov. 30 Paid $700 dividends to stockholders Print Done