Weber Inc. began operations on September 1, 2014. The transactions for the first month follow.

1. A shareholder paid Weber Inc. $65,000 cash for share capital in the business.
2. A client rented equipment for $1,400 cash.
3. Weber Inc. collected $5,500 for commissions earned today.
4. Weber Inc. paid $450 for this month's water utilities bill received today.
5. The bill for the $1,500 advertising campaign that ran last week was received today and paid.
6. Provided consulting services to a customer and collected $900.
7. Weber Inc. collected $900 for commissions earned today.
8. Weber Inc. paid $450 for this month's electrical utilities bill received today.
9. The $750 bill for the advertising campaign that ran last week was received today. It will be paid within 30 days.
10. Weber Inc. paid dividends of $2,000 to the shareholders.

Fill out the following table, according to the transactions above. Select the headings for each column by clicking on the appropriate cell. Use additions and subtractions to show the transactions' effects on the elements of the equation. Show new totals after each transaction. Also indicate next to each change in the equity (in the explanation column) whether it was caused by issuance of share capital (investment), a revenue, an expense or payment of dividends. Identify revenues and expenses by name. In addition to this, prepare an income statement, a statement of changes in equity and a balance sheet for the month ended September 30. a) Complete the following accounting equation table:

Assets=Liabilities Equity Explanation

=

+

Share Capital

+

Retained Earnings

(a)

(b)

Bal. (c)

Bal. (d)

Bal. (e)

Bal. (f)

Bal. (g)

Bal. (h)

Bal. (i)

Bal. (j)

Bal. = + +

b) Complete the following income statement:

(select one)Income Statement(select one)

c) Complete the following statement of changes in equity:

(select one)Statement of Changes in Equity(select one)

Share Capital

Retained Earnings

Total Equity

d) Complete the following Balance Sheet:

(select one)Balance Sheet(select one)