This Question: 100 pts 1 of 1 Subne C This Quiz 100 pes poes Wonder Willemess Company is a service-based company that rents cances for use on local lakes and invers Ashley Winni graduated from college about 10 years ago. She worked for one of the Tig Four accounting fins and became a CPA Be she loves the outdoors, she decided to begin a new business that will combine her love of outdoor activities with her business knowledge Ashey decides that she w create a new sole proprietanhp, Wonder Woms Company or WWC for short. The business began operations on November 1, 2018 (Click the icon to view the transactions) Read the requirements Requirement 1. Analyze the effects of Wonder Wilderness Company's transactions on the accounting equation Included are the following headings: Cast: Accounts Receivable (AR) Office Supplies (Of S1 Cancer Accounts Payable (AP) Use Payable (US Pay) Telephone Payable (Tele Pay 1: Winn, Capital, Winn, Withdrawals (Withdr Canoe Rental Revenue (Fent. Rex) Rent Experise (Rent Exp) Unides Expense (Ul. Exp) Wiges Expense (Wage Expand Tephone Expense (T Exp Analyze the events divonologically, one transaction at a time, beginning with the transaction on November 1. For each bransaction that follows the November fal transaction, calculate the balance in each account after analyzing effect on t accounting equation. After calculating the ending balance of each account on November 30, calculate total assets and total labities and equity (Complete only the necessary answer boses for your transaction lines (Do not enter any zeros your sansaction lines] Carry down at balances to the "Baline, including zero balance accounts, entering a "0" for any zero balances. Enter a decrease in an account with a minus sign or parentheses) 2 Bal Ba 4 Bal 7 Hal 13 Bal 15 Assets Liabilities Equity Cash. AR Of Cances- AP +UN + Tole + Winn Rent U Wage- Tele Sup Pay Pay Capital Withdr Rev Exp Exp Exp Exp . . Choose from any list or enter any number in the input folds and then continue to the next question Wonder Wilderness Company is a service-based company that rents canoes for use on local lakes and rivers. Ashley Winni graduated from college about 10 years ago. She worked for one she loves the outdoors, she decided to begin a new business that will combine her love of outdoor activities with her business knowledge. Ashley decides that she will create a new sole pr business began operations on November 1, 2018. (Click the icon to view the transactions.) Read the requirements 4. Bal. 7 Bal 13 Bal. 15 Bal. 16 Bal. 20 Bal. 22 Bal 26 Bal + 28 Bal + + + 30 Bal. Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Wonder Wildemess Company is a service-based company that rents canoes for use on local lakes and rivers Ashley Winni graduated from colege about 10 years ago She voted for one of the Tg four aung she loves the outdoors, she decided to begin a new business that will combine her love of outdoor activities with her business knowledge Ashley decides that she will create a s business began operations on November 1, 2018 (Click the icon to view the transactions) Read the requirements Requirement 2. Prepare the income statement of Wonder Wildemess Company for the month ended November 30, 2018. (fa box is not i Review the ending balances of the accounts from Requirement 1. n the statement, the Net Income Requirement 3. Prepare the statement of owner's equity for the month ended November 30, 2018 Enter any increases in capital prior to the subtotal and any decreases to capital below the subtotal (Enter a "0" for any zero balances) Review the ending balances of the accounts from Requirement 1. Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Search S3 Fivers. Ashley Winni graduated from college about 10 years ago. She t 8 begin a new business that will combine her love of outdoor activities with her business knowledge. Ashley decides that she will create a business began operations on November 1, 2018 (Click the icon to view the transactions.) Read the requirements. Requirement 3. Prepare the statement of owner's equity for the month ended November 30, 2018. Enter any increases in capital prior to the subtotal and any decreases to capital below the subtotal. (Enter a "0" for any zero balances) Review the ending balances of the accounts from Requirement 1. Winni, Capital, November 1, 2018 Winni, Capital, November 30, 2018 Requirement 4. Prepare the balance sheet as of November 30, 2018. (If a box is not used in the statement, leave the box empty, do not select a label or enter a zero) Review the ending balances of the accounts from Requirement 1. Assets Liabilities Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later Search Wonder Wilderness Company is a service-based company that rents canoes for use on local lakes and rivers. Ashley Winni graduated from college about 10 years ago. She wom she loves the outdoors, she decided to begin a new business that will combine her love of outdoor activities with her business knowledge. Ashley decides that she will create a tw business began operations on November 1, 2018. (Click the icon to view the transactions.) Read the requirements. Winni, Capital, November 30, 2018 Requirement 4. Prepare the balance sheet as of November 30, 2018. (If a box is not used in the statement, leave the box empty, do not select a label or enter a zero.) Review the ending balances of the accounts from Requirement 1. Assets Liabilities Owner's Equity Requirement 5. Calculate the return on assets for Wonder Wilderness Company for November 2018. (Round the ROA to the nearest tenth percent, XX%) ROA % Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later i More Info Nov. 2 Nov. 3 Nov. 4 Nov. 1 Received $25,000 cash to begin the company and gave capital to Ashley. Signed a lease for a building and paid $900 for the first month's rent. Purchased canoes for $4,300 on account. Purchased office supplies on account, $1,200. Nov. 7 Earned $2,100 cash for rental of canoes. Nov. 13 Paid $1,300 cash for wages. Nov. 15 Winni withdrew $300 cash from the business. Nov. 16 Received a bill for $190 for utilities. (Use separate payable account.) Nov. 20 Nov. 22 Received a bill for $140 for cell phone expenses. (Use separate payable account.) Rented canoes to Tender Time on account, $3,100. Nov. 26 Paid $2,200 on account related to the November 3, 2018, purchase. Nov. 28 Received $1,100 from Tender Time for canoe rental on November 22, 2018. Nov. 30 Winni withdrew $450 cash from the business. Print Done