Tanner Kerekes had been operating his law practice in Mississauga under the name Tanner Kerekes, Lawyer. The following business transactions took place during the month of May 2019:

EEB (Click the icon to view transactions.)

Required

Identify the accounting characteristic, assumption, or principle that would be applicable to each of the transactions and discuss the effects it would have on the financial statements of Tanner Kerekes, Lawyer.

\begin{tabular}{l|l|l|l|l} May 18 & The loan & be recorded by the company as it is a \\ May 25 & This transaction & be recorded by the company as \\ May 28 & This withdrawal & be recorded by the company as \\ \hline May 31 & The computer equipment should be recorded at \end{tabular} May 5 \begin{tabular}{l} May 10 \\ May 18 \end{tabular} May 25 May 28 in Mississauga under the name Tanner Kerekes, Lewyer. The following business transactions took place during the month of May 2012 tequired fentry the accounting characterissc, assumption, or principle that would be applicable to each of the transactions and discuss the effects it would have on the financlal statements of anner Kerekes, Lawyer. any expects to The company must record this tran ide , not as an ot be recorded as a transaction since was paid or received with the signing of the le: be recorded by the company as it is a liability. saction be recorded by the company as it is a transaction. ithdrawal be recorded by the company as it is a transaction. imputer equipment should be recorded at since the objective evidence of its value is the Tanner Kervikes had been operating his law practice in Mississauga under the name Tanner Kerekes, Lawyer. The following business transactions took place during the month of May 2019 (Click the icon to viow transactions.) Required Identify the accounting characteristic, assumption, or principle that would be applicabie to each of the transactons and discuss the effects it would have on the fnancial staternents of Tanner Kerekes, Lawyer, May 18 The loan be fecorded by the company as it is a liablity May 25 This transaction be recorded by the company as it is a transaction. May 28 This withdrawal be recoeded by the company as it is a May 31 The computer equipment sheuld be recorded at since the As value is the May 5 a will provide May 10 May 18 May 25 May 28 This event The loan This transaction This withdraws May 31 The company must record this tranataction as an since , not as an be recorded as a transaction since be recorded by the company as it is a no cest a small cost be recorded by the company a The compuler equipment should be roconded at vince the ebjective evidence of is value is the May 28 This withdrawal be recorded by the company as it is a transaction. May 31 The computer equigment should be roconded at since the objective evidence of its value is the May 18 May 25 May 28 Tanner Kerekes had been operating his law practice in Mississauga under the name Tanner Kerekes, Lawyor. The following business transactions took place during the month of May 2019 : (Click the icon to view transactions.) Required Identify the accounting characteristic, assumption, or principle that would be applicablo to oach of the transactions and discuss the effects it would have on the financial statements of Tanner Kerekes, Lawyer. May 1 Tanner Kerekes is transferring funds of $30,000 into his law practice. May 3 The work should be recorded a worth. , as the is the only objective evidence of May 5 The company expects to business it will provide personal The company must record this transaction as May 10 This event be recorded as a transaction since was paid of received with the signing of the lease. May 18 The loan be recorded by the company as it is a liability. May 25 This transaction be recorded by the company as it is a transaction. May 28 This withdrawal be recorded by the company as it is a transaction. May 31 The computer equipment should be recorded at since the objective evidence of its value is the May18 May25 May28 May31 The loan This trans This with should should not The comf be recorded by the company as it is a I recorded by the company as it is a recorded by the company as it is a Ibe recorded at liability. transaction. transaction. transaction. since the objective evidence of its value May 5 May 10 May 18 May 25 May 20 May 31 May 28 This withdrawal be recorded by the company as it is a transaction. May 31 The computer equipment should be recorded at ince the personal business should be recorded at Stable monetary unit assumption May 5 Economic entity assumption Roliability characteristic May 10 Cost principle May 18 Going concern assumption any expects to ido it May 25 May 28 May 28 May 31 This transaction This withdrawal The computer equipmont should bo recorded at The computer equipmont should be recorded at . Tariner Kerekes had been operating his law practice in Mississauga under the name Tanner Kerekes, Lawyer. The following business transactions tock place during the month of May 2019 : (Click the icon to view transactions.) Required identify the accounting characteristic, assumption, or principle that would be applicable to each of the transactions and discuss the efflects if would have on the financial statements of Tanner Kerekes, Lanwyer. Tanner Kerekes had been oporating his law practice in Mississauga under the name Tanner Kerokns, Lawyer. The following business transactions took place during the month of May 2019 : (Click the icon to view transactions.) Required Identify the accounting charocteristic, assumption, or principlo that would be applicable to each of the transactions and discuss the effects if would howe on the financial statements of Tanner Kerekes, Lewryer. Tanner Korekes had been operating his law practice in Mississauga under the name Tanner Kerelives, Lawyer. The folowing business transactions took place during the month of Moy 2019 : (Click the icon to view transactions.) Required Identy the accounting characteristic, assumption, or peinclplo that would be applicabie to each of the transactions and discuss the ellects it would have on the financisl statements of Tanner Kerekes, Lawyer. May 1 May 3 May 5 May 5 May 10 Tanner Kerekes is transleming The work should be recorded at worth. The compary expects to it will provide This event The loan May 18 May 25 May 28 May 31 funds of $30,000 into his law practice. as the is the celly objective evidence of what the work was The company must record this transaction as an not as an be recorded as a transaction since was paid or received with the signing of the lease. e recorded by the company as it is a labily. Thes transaction be recorded by the company as a is a transaction. This withdrawal be recerded by the compary as it is a transaction The compuler equipment should be roconded of since the objective evidence of ts value is the May 28 May 31 This withdrawal The computer ec be recorded by the company as it is a sorded at since the objective evidence of should May 10 This event be recorded as a transa May 18 The loan be recorded by the comp: May 25 saction be recorded by the May 28 Economic entity assumption drawal be recorded by the May 31 Stable monetary unit assumption puter equipment should be recorded at Reliability characteristic Cost principle Going concern assumption Tanner Kerekes had been operating his law practice in Mississauga under the name Tanner Kerokes, Lawyor. The following business transactions took place during the moneh of Moy 2019 : (Click the icon to view transactions.) Required Identify the accounting characteristic, assumption, or principle that would be applicablo to each of the transactions and discuss the efflects it would have on the financial statements of Tanner Kerekes, Lawyer, May 28 This withdrawal be recorded by the compary as it is a transaction. May 31 The computer equipment shovid be rocorded of since the objective ovidence of its value is the $10,000 of legal work comploted $12.000 seting pree. \begin{tabular}{l|l|l|l|l} May 18 & The loan & be recorded by the company as it is a \\ May 25 & This transaction & be recorded by the company as \\ May 28 & This withdrawal & be recorded by the company as \\ \hline May 31 & The computer equipment should be recorded at \end{tabular} May 5 \begin{tabular}{l} May 10 \\ May 18 \end{tabular} May 25 May 28 in Mississauga under the name Tanner Kerekes, Lewyer. The following business transactions took place during the month of May 2012 tequired fentry the accounting characterissc, assumption, or principle that would be applicable to each of the transactions and discuss the effects it would have on the financlal statements of anner Kerekes, Lawyer. any expects to The company must record this tran ide , not as an ot be recorded as a transaction since was paid or received with the signing of the le: be recorded by the company as it is a liability. saction be recorded by the company as it is a transaction. ithdrawal be recorded by the company as it is a transaction. imputer equipment should be recorded at since the objective evidence of its value is the Tanner Kervikes had been operating his law practice in Mississauga under the name Tanner Kerekes, Lawyer. The following business transactions took place during the month of May 2019 (Click the icon to viow transactions.) Required Identify the accounting characteristic, assumption, or principle that would be applicabie to each of the transactons and discuss the effects it would have on the fnancial staternents of Tanner Kerekes, Lawyer, May 18 The loan be fecorded by the company as it is a liablity May 25 This transaction be recorded by the company as it is a transaction. May 28 This withdrawal be recoeded by the company as it is a May 31 The computer equipment sheuld be recorded at since the As value is the May 5 a will provide May 10 May 18 May 25 May 28 This event The loan This transaction This withdraws May 31 The company must record this tranataction as an since , not as an be recorded as a transaction since be recorded by the company as it is a no cest a small cost be recorded by the company a The compuler equipment should be roconded at vince the ebjective evidence of is value is the May 28 This withdrawal be recorded by the company as it is a transaction. May 31 The computer equigment should be roconded at since the objective evidence of its value is the May 18 May 25 May 28 Tanner Kerekes had been operating his law practice in Mississauga under the name Tanner Kerekes, Lawyor. The following business transactions took place during the month of May 2019 : (Click the icon to view transactions.) Required Identify the accounting characteristic, assumption, or principle that would be applicablo to oach of the transactions and discuss the effects it would have on the financial statements of Tanner Kerekes, Lawyer. May 1 Tanner Kerekes is transferring funds of $30,000 into his law practice. May 3 The work should be recorded a worth. , as the is the only objective evidence of May 5 The company expects to business it will provide personal The company must record this transaction as May 10 This event be recorded as a transaction since was paid of received with the signing of the lease. May 18 The loan be recorded by the company as it is a liability. May 25 This transaction be recorded by the company as it is a transaction. May 28 This withdrawal be recorded by the company as it is a transaction. May 31 The computer equipment should be recorded at since the objective evidence of its value is the May18 May25 May28 May31 The loan This trans This with should should not The comf be recorded by the company as it is a I recorded by the company as it is a recorded by the company as it is a Ibe recorded at liability. transaction. transaction. transaction. since the objective evidence of its value May 5 May 10 May 18 May 25 May 20 May 31 May 28 This withdrawal be recorded by the company as it is a transaction. May 31 The computer equipment should be recorded at ince the personal business should be recorded at Stable monetary unit assumption May 5 Economic entity assumption Roliability characteristic May 10 Cost principle May 18 Going concern assumption any expects to ido it May 25 May 28 May 28 May 31 This transaction This withdrawal The computer equipmont should bo recorded at The computer equipmont should be recorded at . Tariner Kerekes had been operating his law practice in Mississauga under the name Tanner Kerekes, Lawyer. The following business transactions tock place during the month of May 2019 : (Click the icon to view transactions.) Required identify the accounting characteristic, assumption, or principle that would be applicable to each of the transactions and discuss the efflects if would have on the financial statements of Tanner Kerekes, Lanwyer. Tanner Kerekes had been oporating his law practice in Mississauga under the name Tanner Kerokns, Lawyer. The following business transactions took place during the month of May 2019 : (Click the icon to view transactions.) Required Identify the accounting charocteristic, assumption, or principlo that would be applicable to each of the transactions and discuss the effects if would howe on the financial statements of Tanner Kerekes, Lewryer. Tanner Korekes had been operating his law practice in Mississauga under the name Tanner Kerelives, Lawyer. The folowing business transactions took place during the month of Moy 2019 : (Click the icon to view transactions.) Required Identy the accounting characteristic, assumption, or peinclplo that would be applicabie to each of the transactions and discuss the ellects it would have on the financisl statements of Tanner Kerekes, Lawyer. May 1 May 3 May 5 May 5 May 10 Tanner Kerekes is transleming The work should be recorded at worth. The compary expects to it will provide This event The loan May 18 May 25 May 28 May 31 funds of $30,000 into his law practice. as the is the celly objective evidence of what the work was The company must record this transaction as an not as an be recorded as a transaction since was paid or received with the signing of the lease. e recorded by the company as it is a labily. Thes transaction be recorded by the company as a is a transaction. This withdrawal be recerded by the compary as it is a transaction The compuler equipment should be roconded of since the objective evidence of ts value is the May 28 May 31 This withdrawal The computer ec be recorded by the company as it is a sorded at since the objective evidence of should May 10 This event be recorded as a transa May 18 The loan be recorded by the comp: May 25 saction be recorded by the May 28 Economic entity assumption drawal be recorded by the May 31 Stable monetary unit assumption puter equipment should be recorded at Reliability characteristic Cost principle Going concern assumption Tanner Kerekes had been operating his law practice in Mississauga under the name Tanner Kerokes, Lawyor. The following business transactions took place during the moneh of Moy 2019 : (Click the icon to view transactions.) Required Identify the accounting characteristic, assumption, or principle that would be applicablo to each of the transactions and discuss the efflects it would have on the financial statements of Tanner Kerekes, Lawyer, May 28 This withdrawal be recorded by the compary as it is a transaction. May 31 The computer equipment shovid be rocorded of since the objective ovidence of its value is the $10,000 of legal work comploted $12.000 seting pree