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Analyze the effects of the preceding events on the accounting equation of Anna Perry, Attorney. Prepare the following financial statements: Income statement. Statement of retained earnings. Balance sheet Mar. Sold personal investment in eBay stock, which she had owned for several years, receiving $25,000 cash. Deposited the $25,000 cash from the sale of the eBay stock in her personal bank account. Deposited $72,000 cash in a new business bank account titled Anna Perry, Attorney. The business issued common stock to Perry. Paid $350 cash for ink cartridges for the printer. Purchased computer for the law office, agreeing to pay the account, $8,000, within three months. Received $3,100 cash from customers for services rendered. Received bill from The Lawyer for magazine subscription, $120. Finished court hearings on behalf of a client and submitted a bill for legal services, $9,000. on account. Paid bill from The Lawyer. Paid utilities, $880. Received $3,300 cash from clients billed on Mar. 23. Cash dividends of $2,000 were paid to stockholders Anna Perry recently opened her own law office, which she operates as a corporation. The name of the new entity is Anna Perry. Attorney. Perry experienced the following events during the organizing phase of the new business and its first month of operation. March 2014. Some of the events were personal and did not affect the law practice. Others were business transactions and should be accounted for by the business. (Click the icon to view the transactions.) Requirement 1. Analyze the effects of the preceding events on the accounting equation of Anna Perry, Attorney. Analyze the events chronologically, one transaction at a time. Beginning with the transaction on the 2nd, calculate the balance in each account after analyzing the effect of the transaction on the accounting equation. After calculating the ending balance of each account on the 31st, calculate total assets and total liabilities and equity. (Complete only the necessary answer boxes for your transaction lines. [Do not enter any zeros for your transaction lines.] If a transaction is personal and does not affect the business, leave the transaction line blank. Carry down all balances to the “Bal.” line, including zero balance accounts, entering a “0” for any zero balances. Enter a decrease in an account with a minus sign or parentheses. Abbreviations used: A/P = Accounts Payable; A/R = Accounts Receivable; Com. = Common; Contr. = Contributed; Div. = Dividends; Comp. = Computer; Exp. = Expense; Liab. = Liabilities; Misc. = Miscellaneous; Rev. = Revenue; Sup. = Supplies; Util. = Utilities.)