Boudreau View Estates Ltd.experienced the following events during the organizing
ID: 2338408 • Letter: B
Question
Boudreau View Estates Ltd.experienced the following events during the organizing phase and its first month of operations Some of the events were pensonal and did not affect the business Others were transactions of the business (Click the lcom to view the transactions Required Reqmnt 1. Clasily oach of the transactions as oither "a a business-related event but not a trasion to be reconded by the buasiness, a personal trarsacion for a sharsholder nof recorded tby the to be recorded by the business Dec 4 b 10 b 11 b 12 18 L e 21 Lc Requirement 2. Analyge the oflects of the everts on the accouningequaton of Boudres View Estales Ltd Enter the transactions in the accounting equaion, beginning with Dec 4 For transactions that affect shaneholders equity, select Phe ype of equity rarsaction. Aher all trarsactions have been entered, calculate the ending balance of each accoun and the total assets and total labities and sharehoidens equity (Use parenthases or a minus sign when decreasing accounts Only complete the neceseary answer boses, leaving unused cells blank. Assets Shareholders Equity Acoounts Office Accounts Common Retained Type of Equity Cash +ReceivableSuppliesFumiturePayableShares Eaings Transaction Dec 4 Choose from any list or enter any number in the input fieids and then continue to the next questionExplanation / Answer
Cash + Account Receivable + Supplies + Office Furniture = Account Payable + Common Stock + Retained Earnnings + Type of Equity Transaction Dec-04 5 51000 51000 Issue of Shares 6 -100 100 7 -11500 20500 9000 10 11 12 18 5500 5500 Income 21 -4500 -4500 25 -1000 -1000 Expenses 31 -2300 -2300 Expenses BAL 31600 0 5500 0 100 0 20500 0 4500 0 51000 0 2200 Expenses Total 57700 57700 Dec-04 b 5 c 6 c 7 c 10 b 11 b 12 a 18 c 21 c 25 c 31 c
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