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The following events concern Anita Allen, a Manitoba law school graduate, for March 2024: 1 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.

The following events concern Anita Allen, a Manitoba law school graduate, for March 2024:

1

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

On March 4, she spent $20 on a lottery ticket.

On March 7, she won $265,000 in the lottery and immediately quit her job as a junior lawyer.

On March 10, she decided to open her own law practice, and deposited $90,000 of her winnings in a business chequing account, Allen Legal Services.

On March 14, she purchased a new luxury condominium with a down payment of $150,000 from her personal funds plus a home mortgage of $230,000.

On March 15, Anita signed a rental agreement for her law office space for $2,500 a month, starting March 15. She paid the first month's rent, as it is due on the 15th of each month.

On March 19, she hired a receptionist. He will be paid $550 a week and will begin working on March 24.

On March 20, she purchased equipment for her law practice from a company that had just declared bankruptcy. The equipment was worth at least $15,000 but Anita was able touy it for only $8,400.

On March 21, she purchased $225 of supplies on account.

On March 24, she purchased an additional $6,100 of equipment for her law practice for $2,100 plus a $4,000 note payable due in six months.

On March 31, she performed $4,000 of legal services on account.

On March 31, she received $2,500 cash for legal services to be provided in April.

On March 31, she paid her receptionist $550 for the week.

On March 31, she paid $225 for the supplies purchased on account on March 21.

prepare a balance sheet and a liabilities abd owner's equity

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