Bentley Inc. began operations on January 1, 2023. The transactions for the first month follow. a....

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Bentley Inc. began operations on January 1, 2023. The transactions for the first month follow. a. Bentley Inc. issued shares to shareholders for $30,000. b. A client rented equipment for $7,500 cash. c. Bentley Inc. spent $400 cash on supplies. d. $100 of commissions were earned and collected today by Bentley Inc. e. Bentley Inc. rented machinery to a customer on credit; $1,800. f. The bill for the $1,500 advertising campaign that ran last week was received today and paid. g. Bentley Inc. bought equipment on credit for $2,500. h. Bentley Inc. provided $2,250 of consulting services for a customer who will pay within 30 days. i. Furniture was rented by a customer for $1,600 on credit. j. Bentley Inc. paid dividends of $2,500 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. Also indicate next to each change in 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. Calculate the total balance for each column (no + or - sign is required for totals). In addition to this, prepare an income statement, a statement of changes in equity and a balance sheet for the month ended January 31. a) Complete the following accounting equation table: (a) (b) (c) (d) (e) (f) (g) (h) (1) (i) Bal. Assets = Liabilities Equity +Share Capital+Retained Earnings Explanation Bentley Inc. began operations on January 1, 2023. The transactions for the first month follow. a. Bentley Inc. issued shares to shareholders for $30,000. b. A client rented equipment for $7,500 cash. c. Bentley Inc. spent $400 cash on supplies. d. $100 of commissions were earned and collected today by Bentley Inc. e. Bentley Inc. rented machinery to a customer on credit; $1,800. f. The bill for the $1,500 advertising campaign that ran last week was received today and paid. g. Bentley Inc. bought equipment on credit for $2,500. h. Bentley Inc. provided $2,250 of consulting services for a customer who will pay within 30 days. i. Furniture was rented by a customer for $1,600 on credit. j. Bentley Inc. paid dividends of $2,500 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. Also indicate next to each change in 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. Calculate the total balance for each column (no + or - sign is required for totals). In addition to this, prepare an income statement, a statement of changes in equity and a balance sheet for the month ended January 31. a) Complete the following accounting equation table: (a) (b) (c) (d) (e) (f) (g) (h) (1) (i) Bal. Assets = Liabilities Equity +Share Capital+Retained Earnings Explanation

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To complete the accounting equation table we need to analyze each transaction and determine its effect on assets liabilities and equity Well also indi... View the full answer