Water Way Company in a service-based company that rends canoes for use on local lakes and rivers. Ashley and Zohar Walker graduated from college about 10 years ago. They both worked for one of the "Big Four" accourting firms and became CPAs. Because they both love the outdoors, they decided to begin a new business that will combine their love of outdoor activities with their business knowledge. Ashley and Zoher decide that they wil create a new corporation. Water Way Company, or WWC for short. The business began operations on November 1, 2024 Cick the icon to view the transactions.) Read the requirements Requirement 1. Analyze the effects of Water Way Company's transactions on the accounting equation. Included are the following headings: Cash, Accounts Receivable (AIR), Office Supplies (Of Sup. Carces Accounts Payable (AP), Utlites Payable (Us. Pay), Telephone Payable (Tele. Pay), Common Stock (CS), Dividends (Div.), Canoe Rental Revenue (Rent. Rev.), Rent Expense (Rent Exp.) Unites Expense (Util Exp.) Wages Expense (Wage Exp.), and Telephone Expense (Tele. Exp.) Analyze the events chronologicalyc ansaction at a time, beginning with the transaction on November 1. For each transaction that folows the November 1st transaction, calculate the balance in each account after anayzing its effect on the accounting equation. After calculating the ending balance of each account on November 30, calculate total assets and total liabilities and equity (Complete only the necessary answer boxes for your transaction ines (Do not enter any zeros for your transaction lines) Carry down all balances to the "Bal" line, including zero balance accounts, entering a "0" for any zera balances Enter a decrease in an account with a minus sign or parentheses) Assets Liabilities Equity Cash + AR Off Canoes Sup. AP US Pay Tele. + Pay cs Div Rent Rev Rat Exp Usl Exp Exp Wage Te Exp Clear all Check answer