Save Homework Chapter 1 Homework Question 4, PF1-46A (nimilar to) HW Score: 26%, 40 of 15 points Par 2014 Points: 0.00017 Artur Soundby opened his own accounting firm on Art 1, which he operate as a corporation. The name of the new entity Arthur She CPA Shea experienced the towng events during the center and new first months of operations 2024 Click the con lo vw the trado) Read the units Requirumem1 Aralyze the effects of the events on the accounting equation of Arthur Shan CPA. Use the following account Cash, Accounts Receivable Office Supplies, uie Accounts Payable. Common Sto, Ott Servo Revenue Rent Experts and bites Expense Analyze the events chronologically, one transaction at a time, beginning with the transaction on the Sth. For each transaction that follows the transaction on the secure the bande nasch accurate anayeing a fedente equation har aldating the ending balance of each account on the 30th calculate to and total labies and equity (Come only the satynoams for your brain Dominancer pour the Cary Gowto balances to the Balticuding zero Dance accounts, entering av for any zarobalance. Enter a decrease in an account with a sign or pronos Atrevista LAPP Accounts Receivab Com Common Contr. Contributed Ov-Dividendi, Ex Expos Fum FutureLab Lab Rex River Sale Use ASSETS LIAB EQUITY Con Cap. Retired Eaming cash AR One Fum AP Com Ow Service Rent UM Sue Stock Here Exp ED 05 00.000 -0.000 25 TES 050 Clear Checker Calculator Help me solve thin Etext pages Search or type URL ne % 5 7 9 6 8 3 2 E Y W C m T R on the accounting ed Requirements urniture, A at a time, beginning ach account on the 3 cluding zero balance Contributed: Div. =D he balance your trans rentheses Utilities) LIAB. 1. Analyze the effects of the events on the accounting equation of Arthur Shea, CPA. Use the following accounts: Cash, Accounts Receivable, Office Supplies, Furniture, Accounts Payable, Common Stock Dividends, Service Revenue, Rent Expense, and Utilities Expense. 2. Prepare the following financial statements: a. Income statement for the month ended April 30, 2024. b. Statement of retained earnings for the month ended April 30, 2024. c. Balance sheet as of April 30, 2024. m. 11 AJP I Print 11 Done Calculator endly is Arthur Shea, CPA. Shea experienced the following events More info on the a Soul at a tin ach acca cluding Contribut et ctic bbr Apr. 5 Shea deposited $80,000 in a new business bank account titled Arthur Shea, CPA. The business issued common stock to Shea. Apr. 6 Paid $250 cash for letterhead stationery for new office. Apr. 7 Purchased office furniture for the office on account, $8,000. Apr. 10 Consulted with tax client and received $2,900 for services rendered. Apr. 11 Paid utilities, $350. Apr. 12 Finished tax hearings on behalf of a client and submitted a bill for accounting services. $18,000 Apr. 18 Paid office rent, $1,700. Apr. 25 Received amount due from client that was billed on April 12. Apr. 27 Paid full amount of accounts payable created on April 7. Apr. 30 Cash dividends of $3,800 were paid to stockholders. an = 11 Print Done Requirement 1. Analyze the effects of the events on the accounting equation of Arthur Shea, CPA. Use the following accounts: Cash Accounts Receiva Revenue, Rent Expense, and Utilities Expense. Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 5th. For each transaction that follows the transactior equation. After calculating the ending balance of each account on the 30th, calculate total assets and total liabilities and equity (Complete only the nece lines.) Carry down all balances to the "Bal" line, including zero balance accounts, entering a "O for any zero balances. Enter a decrease in an account Accounts Receivable; Com. = Common; Contr. - Contributed: Div. = Dividends: Exp. - Expense; Furn. - Furniture; Liab = Liabilities: Rev. = Revenue: ASSETS LIAB. EQUITY Contr. . Retained Earnings + Service Rent Util Cash + A/R Div. + + Office Furn. + Com Rev. Exp. Exp. Sup Stock + 80,000 4/5 B0.000 (250) 250 4/6 + + + + Bal + Help me solve this Etext pages Calculator