Sep 3 Received $30,000 cash proceeds from refinancing her house. 5$70,000 of common stock in the business was sold to Jacinda Waves. The cash proceeds were deposited in a new business bank account titled Waves and Associates, Inc. 7 Paid $600 cash for office supplies for the new accounting practice. 9 Purchased $3,800 of office furniture for the accounting practice and agreed to pay the vendor within three months. 10 Jacinda sold 1,300 shares of Crysler stock, which she had owned for several years, receiving $14,300 cash. The cash from the sale of stock was deposited in her personal bank account. 14 A representative of a large company telephoned Jacinda and told her of the company's intention to hire Waves and Associates, Inc., as its accountants. 20 Finished accounting work for a client and sent the client a bill for $4,100. The client is expected to pay within two weeks. 27 Paid office rent, $1,400. 29 Paid $2,400 on account from the September 9th transaction. 30 Paid $400 of dividends to shareholders of Waves and Associates, Inc. 700. point Jacinda Waves worked as an accountant at a local accounting firm for five years after graduating from college. She recently opened her own accounting practice, which she operates as a corporation. The name of the new entity is Waves and Associates, Inc. Jacinda experienced the following events during the first month of operations. Some of the events were personal and did not affect the accounting practice. Others were business transactions and should be accounted for by the business. (Click the icon to view the events.) Read the requirements. Requirement 1. Enter each transaction in the expanded accounting equation of Waves and Associates, Inc., as needed, calculating new balances after each transaction. (If a box is not used in the transaction, leave the box empty; do not enter a zero. If an event does not affect the accounts of the business, leave the entire transaction line blank. Carry down all balances, including zero balance accounts. Enter decreases with a minus sign or parentheses. Note the following abbreviations used in the accounting equation tables: AR = Accounts receivable, AP = Accounts payable, and CS = Common stock.) Sep 3: Received $30,000 cash proceeds from refinancing her house. Stockholders' equity - Assets = Liabilities + + Supplies + Furniture = AP + Cash + AR CS + Retained earnings - Revenue - Expense - Dividends V . 3) [ +D +D +C =0 + [ + + J.-' Bal + + + + -' Sep 5: $70,000 of common stock in the business was sold to Jacinda Waves. The cash proceeds were deposited in a new business bank account titled Waves and Associates, Inc. Assets = Liabilities + Stockholders' equity Cash + AR + Supplies + Furniture - AP + CS + Retained earnings WW W Revenue - Expense - Dividends --- + - Bal C + C + C + D -D + + C D -D + - U Sep 7: Paid $600 cash for office supplies for the new accounting practice. - L =Liabi Assets = Liabilities + + Supplies + Furniture = AP + Stockholders' equity Retained earnings - U Cash + AR CS + L Revenue - Expense - Dividends - U Bal D +D +D + D D + 7+ Sep 9: Purchased $3,800 of office furniture for the accounting practice and agreed to pay the vendor within three months. Assets = Liabilities + + Supplies + Furniture = AP + Cash + AR CS Stockholders' equity + Retained earnings Revenue - Expense - Dividends 1. . Bal + Sep 10: Jacinda sold 1,300 shares of Crysler stock, which she had owned for several years, receiving $14,300 cash. The cash from the sale of stock was deposited in her personal bank account. Assets = Liabilities + + Supplies + Furniture = AP + | Cash + AR CS + Stockholders' equity Retained earnings Revenue Expense - Dividends + + + Bal + + Sep 14: A representative of a large company telephoned Jacinda and told her of the company's intention to hire Waves and Associates, Inc. as its accountants. Assets = Liabilities + Supplies + Furniture = AP + + Stockholders' equity Retained earnings Cash + AR CS + Revenue - Expense - Dividends Reverie - Experise - Dividerius 101 0++ CD- DOOO.O Bal Sep 14: A representative of a large company telephoned Jacinda and told her of the company's intention to hire Waves and Associates, Inc. as its accountants. Assets = Liabilities + Stockholders' equity Cash + AR + Supplies + Furniture = AP CS + Retained earnings + + Revenue - Expense - Dividends 14) OOOOOOOO Bal Sep 20: Finished accounting work for a client and sent the client a bill for $4,100. The client is expected to pay within two weeks. = Liabilities + Assets + Supplies Cash + AR + Furniture = AP + CS + Stockholders' equity Retained earnings Revenue - Expense - Dividends Sep 27: Paid office rent, $1,400. Assets = + Supplies + Furniture = Liabilities AP + + Cash + AR CS + Stockholders' equity Retained earnings Revenue - Fynense - Dividends Revenue - Expense - Dividends 20) C Bal + C + D + L +D + L + L + L Sep 27: Paid office rent, $1,400. Assets + Supplies + Furniture = = Liabilities AP + + Cash + AR CS + Stockholders' equity Retained earnings Revenue - Expense - Dividends Bal Sep 29: Paid $2,400 on account from the September 9th transaction. Liabilities + Assets = + Supplies + Furniture = Stockholders' equity Retained earnings Cash + AR AP + CS + 29) C D +D +C = D +D Revenue - Expense - Dividends +D + Bal + + Sep 30: Paid $400 of dividends to shareholders of Waves and Associates, Inc. Stockholders' equity Assets + Supplies = = Liabilities AP + + Cash + AR + Furniture CS + Retained earnings Revenue - Expense - Dividends Read the requirements. Sep 29: Paid $2,400 on account from the September 9th transaction. Assets + Supplies + Furniture = = Liabilities AP + + Stockholders' equity Retained earnings Cash + AR CS + Revenue - Expense - Dividends + 29) +++ D- DDDDD Bal + C D -| + + Sep 30: Paid $400 of dividends to shareholders of Waves and Associates, Inc. Assets Assets = + Supplies + Furniture = = Liabilities + Stockholders' equity Liabilities AP + + Cash + AR CS + Retained earnings 30) +D +C = Revenue - Expense - Dividends +C -D- + Bal + Requirement 2. Determine the following items: Total assets Total liabilities Total stockholders' equity Net income (loss) for September d