Anastasia Petrone recently opened her own law office on March 1, which she operates as a...

   

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Anastasia Petrone recently opened her own law office on March 1, which she operates as a corporation. The name of the new entity is Anastasia Petrone, Attorney. Petrone experienced the following events during the organizing phase of the new business and its first month of operation, March 2018. 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.) Read the requirements Requirement 1. Analyze the offects of the preceding events on the accounting equation of Anastasia Petrone, Attorney. Analyze the gvents 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. Afler 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. 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 Recoivatile: Com, Common; Contr. Cap, Contributed Capital; Div. Dividends; Comp, Computer: Exp. Expense; Liab. Liabitios: Minc. Miscollaneous; Rev, Revenue; Sup, Supplies: Utl. Utilitios.) ASSETS LIAB. EQUITY Contr. Сар. Retained Earnings Cash A/R + Office + Comp. A/P • Com. Div. • Service - UM. - Misc Sup. Stock Rev. Еxp. Exp 3/1 3/2 Bal, +] ...+ + + + Anastasia Petrone recently opened her own law office on March 1, which she operates as a corporation. The name of the new entity is Anastasia Petrone, Attorney. Petrone experienced the following events during the organizing phase of the new business and its first month of operation, March 2018. 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.) Read the requirements Requirement 1. Analyze the offects of the preceding events on the accounting equation of Anastasia Petrone, Attorney. Analyze the gvents 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. Afler 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. 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 Recoivatile: Com, Common; Contr. Cap, Contributed Capital; Div. Dividends; Comp, Computer: Exp. Expense; Liab. Liabitios: Minc. Miscollaneous; Rev, Revenue; Sup, Supplies: Utl. Utilitios.) ASSETS LIAB. EQUITY Contr. Сар. Retained Earnings Cash A/R + Office + Comp. A/P • Com. Div. • Service - UM. - Misc Sup. Stock Rev. Еxp. Exp 3/1 3/2 Bal, +] ...+ + + +