Question: Based on the following transactions, complete the table shown below. a . A shareholder paid Zcom Inc. $ 8 0 , 0 0 0 cash
Based on the following transactions, complete the table shown below.
a A shareholder paid Zcom Inc. $ cash for share capital in the business.
b $ of commissions were earned and collected today by Zcom Inc.
c Zcom Inc. paid $ for supplies purchased today.
d Zcom Inc. returned $ of defective supplies today that were originally
purchased for cash.
e Zcom Inc. paid $ for supplies purchased today.
f Zcom Inc. purchased $ of supplies on credit.
g Zcom Inc. collected $ for commissions earned today.
h Zcom Inc. bought $ of supplies paying $ cash and $ on account.
i Zcom Inc. collected $ for commissions earned today.
j Zcom Inc. paid dividends of $ to the shareholders.
a To complete the table shown below, identify the headings account names for
each column by clicking on the appropriate cell and making a selection. Use
additions sign and subtractions sign to show the transactions' effects on the
elements of the equation. Indicate next to each change in equity in the explanation
column whether it was caused by the issuance of share capital investment a
revenue, an expense or payment of dividends. Identify revenues and expenses by
name. If a transaction does not affect equity, no explanation is required. Calculate
the total balance for each column no or sign is required for totals
b Prove the accounting equation by calculating total assets and comparing it to the
total of liabilities plus equity. Please make sure your final answers are accurate to
the nearest whole number.
Total assets Total liabilities and equity
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