Please answer each question correctly for a like

Requirement 1. Classify each of the transactions as either "a" a business-related event but not a transaction to be recorded by the business, "b" a personal transaction for a shareholder not recorded by the business, or "c" a business transaction to be recorded by the business. Jan 4 5 6 7 10 11 12 18 21 25 31 - Transactions Requirement 1. Classify ead "b" a personal transaction for Jan 4 Jan 5 LA 6 7 10 11 12 4 Gayland Jet , the major shareholder of the company, received $109,000 cash from an inheritance. 5 Jet deposited $51,000 cash in a new business bank account titled Mountain View Estates Ltd. The business issued common shares to Jet. 6 The business paid $1,000 cash for letterhead stationery for the new office. 7 The business purchased office furniture. The company paid cash of $8,000 and agreed to pay the account payable for the remainder $9,000, within three months. 10 Jet sold ABC shares, which he owned for several years, receiving $76,000 cash from his stockbroker 11 Jet deposited the $76,000 cash from the sale of the ABC shares in his personal bank account 12 A representative of a large company telephoned Jet and told him of the company's intention to put a down payment of $15,000 on a lot 18 Jet finished a real estate deal on behalf of a client and submitted his bill for services, S3,500. Jet expects to collect from this client within two weeks. 21 The business paid half its account payable for the furniture purchased on January 7 18 21 25 31 Requirement 2. Analyze the effects of the events on the accounting equation of Mountain View Estates Ltd. Enter the transactions in the accounting equation, beginning with Jan 4. For transactions that affect shareholders' equity, select the type of equity transaction. After all transactions have been entered, calculate the ending balance of each account and the total assets and total liabilities and shareholders' equity. (Use parentheses or a minus sign when decreasing accounts. Only complete the necessary answer boxes, leaving unused cells blank.) Accounts Office Accounts Common Retained Type of Equity Transaction Cash + Receivable + Supplies + Furniture = Payable + Shares + Earnings Jan 4 + + Jan 5 + + Jan co + + + Jan 7 Jan 10 + + = Jan 11 + + Jan 12 + - + Jan 18 + - + + Jan 21 + + Jan 25 + Jan 31 Bal Total Requirement 1. Classify each of the transactions as either "a" a business-related event but not a transaction to be recorded by the business, "b" a personal transaction for a shareholder not recorded by the business, or "c" a business transaction to be recorded by the business. Jan 4 5 6 7 10 11 12 18 21 25 31 + + + + Requirement 2. Analyze the effects of the events on the accounting equation of Mountain View Estates Ltd. Enter the transactions in the accounting equation, beginning with Jan 4. For transactions that affect shareholders' equity, select the type of equity transaction. After all transactions have been entered, calculate the ending balance of each account and the total assets and total liabilities and shareholders' equity (Use parentheses or a minus sign when decreasing accounts. Only complete the necessary answer boxes, leaving unused cells blank.) Assets Liabilities Shareholders' Equity X Transactions Accounts Office Accounts Common Retained Type of Equity Cash + Receivable + Supplies + Furniture = Payable Shares + Earnings Transaction Jan 4 Jan 4 Gayland Jet, the major shareholder of the company, received $109,000 cash from an inheritance Jan 5 + = + 5 Jet deposited $51,000 cash in a new business bank account titled Mountain View Jan 6 + + + = + + Estates Ltd. The business issued common shares to Jet 6 The business paid $1,000 cash for letterhead stationery for the new office. Jan 7 + + = 7 The business purchased office furniture. The company paid cash of $8,000 and Jan 10 + + + = + + agreed to pay the account payable for the remainder $9,000, within three months. Jan 10 Jet sold ABC shares, which he owned for several years, receiving $76,000 cash 11 + = + from his stockbroker. Jan 12 + + + = + + 11 Jet deposited the $76,000 cash from the sale of the ABC shares in his personal bank account Jan 18 + wann = + 12 A representative of a large company telephoned Jet and told him of the company's Jan 21 + + + = + intention to put a down payment of $15,000 on a lot. 18 Jet finished a real estate deal on behalf of a client and submitted his bill for Jan 25 + = services $3,500. Jet expects to collect from this client within two weeks. Jan 31 + + = + 21 The business paid half its account payable for the furniture purchased on January 7. Bal + 25 The business paid office rent of $500. Total 31 The business declared and paid a cash dividend of $2,200. + + + + + + + + + + + + + + + Requirement 1. Classify each of the transactions as either "a" a business-related event but not a transaction to be recorded by the business, "b" a personal transaction for a shareholder not recorded by the business, or "c" a business transaction to be recorded by the business Jan 4 - X 5 Transactions 6 7 10 Jan 11 12 18 21 25 4 Gayland Jet, the major shareholder of the company, received $109,000 cash from an inheritance 5 Jet deposited S51,000 cash in a new business bank account titled Mountain View Estates Ltd. The business issued common shares to Jet. 6 The business paid $1,000 cash for letterhead stationery for the new office. 7 The business purchased office furniture. The company paid cash of $8,000 and agreed to pay the account payable for the remainder, 9,000, within three months. 10 Jet sold ABC shares, which he owned for several years, receiving S76,000 cash from his stockbroker 11 Jet deposited the $76,000 cash from the sale of the ABC shares in his personal 12 A representative of a large company telephoned Jet and told him of the company's intention top put a down payment of $15,000 on a lot. 18 Jet finished a real estate deal on behalf of a client and submitted his bill for services, $3,500. Jet expects to collect from this client within two weeks. 21 The business paid half its account payable for the furniture purchased on 31 bank account Requirement 2. Analyze the eff Enter the transactions in the acd assets and total liabilities and si insaction. After all transactions have been entered, calculate the ending balance of each account and the total ry answer boxes, leaving unused cells blank.) January 7. Accod 25 The business paid office rent of $500. 31 The business declared and paid a cash dividend of $2,200. Cash + Recen + + 5 + + Jan + + + 7 + + + - + + Requirement 2. Analyze the effects of the events on the accounting equation of Mountain View Estates Ltd. Enter the transactions in the accounting equation, beginning with Jan 4. For transactions that affect shareholders' equity, select the type of equity transaction. After all transactions have been entered, calculate the ending balance of each account and the total assets and total liabilities and shareholders' equity. (Use parentheses or a minus sign when decreasing accounts. Only complete the necessary answer boxes, leaving unused cells blank.) Assets Liabilities Shareholders' Equity Accounts Office Accounts Common Retained Type of Equity - X X Cash + Receivable + Supplies + Furniture Payable Transactions Shares + Earnings Transaction Jan 4 Jan = 4 Gayland Jet, the major shareholder of the company, received $109,000 cash from Jan 6 an inheritance. 5 Jet deposited $51,000 cash in a new business bank account titled Mountain View Jan Estates Ltd. The business issued common shares to Jet. Jan 10 6 The business paid $1,000 cash for letterhead stationery for the new office. + 7 The business purchased office furniture. The company paid cash of $8,000 and Jan 11 + = agreed to pay the account payable for the remainder, S9,000, within three months. Jan 12 = 10 Jet sold ABC shares, which he owned for several years, receiving $76,000 cash from his stockbroker. Jan 18 + = + 11 Jet deposited the $76,000 cash from the sale of the ABC shares in his personal bank account. Jan 21 + + = 12 A representative of a large company telephoned Jet and told him of the company's Jan 25 + = intention to put a down payment of $15,000 on a lot. Jan 31 18 Jet finished a real estate deal on behalf of a client and submitted his bill for services, $3,500. Jet expects to collect from this client within two weeks. Bal 21 The The business paid half its account payable for the furniture purchased on January 7 Total 25 The business paid office rent of $500. 31 The business declared and paid a cash dividend of $2,200. + + + + + + + + + + + + + + + + + + + + + + Requirement 3 At the end of the first month of onerations let has a number of questions about the financial standing of the business Requirement 1. Classify each of the transaclions as either a" a business-related event but not a transaction to be recorded by the business, "b" a personal transaction for a shareholder not recorded by the business, or 'c' a business transaction to be recorded by the business Jan 4 5 Transactions N - X 6 6 7 10 Jan 11 12 18 21 25 31 4 Gayland Jut, the major shareholder of the company received $100.000 cash from an inheritance 5 Jet deposited $51,0 X cash in a new business bank account titled Mountain View Estates Ltd. The business issued common shares lo Jet 6 The business paid $1,000 cash for letterhead stationery for the new office 7 The business purchased office furniture. The company pad cash of 53.000 and agreed to pay the account payable for the remainder, 59.000, within three months 10 Jet sold ABC shares, which he owned for several years receiving 576.000 cash from his stockbroker 11 Jet deposited the $75,000 cash from the sale of the ABC Shorus in his personal bank account 12 A representative of a large company telephonud Jet and told him of the company's intention to put a down payment of $15,000 on a lot 18 Jet finished a real estate deal on behalf of a client and submitted hid bill for Services $3.500. Jet expects to collect from this client within twa wecks 21 The business paid half its account payable for the furniture purchaseu on January 7 25 The business paid office rent or $500 31 The business declared and paid a cash dividend of $2.200 Requirement 2. Analyze the effects of the events on the ac Enter the transactions in the accounting equation, beginning assets and total liabilities and shareholders' equity (Uso pa his have been entered, calculate the ending balance of each account and me lola! linusud cells blank.) ) Assets Accounts O + Receivable + Supplies + F Fun Cash 1 Jan Requirement 2. Analyze the effects of the events on the accounting oquation of Mountain View Estates Lid Enter the transactions in the accounting equation, beginning with Jan 4 For transactions that affect shareholders equity, select the type of equity transaction. After a transactions have been entered, calculate the ending balance of each account and the total assets and total liabilities and shareholders' equity. (Use parenthesos or a minus sign when decreasing accounts. Only complete the necessary answer boxes, leaving unused cells blank.) Assets Liabilities Sharoholders Equity Accounts Office Accounts Common Rolained Type of Ecuity Cash + Receivable + Supplies Furniture + - X Payable Shares Earrings Transactions Transaclion 4 + + Jan 5 + + Jan 4 ayland Jet the major shareholder of the company, received $109,00 cash from Jan 6 1+ + TE an inheritance. 14 Jan 7 + 5 Vel deposited $51.000 cash in a new business bank account titled Mountain View Estate Lid. The business issued common shares to Jet Jan 10 + + 6 The business pald 51.000 cash for letterhead stationery for the now office Jan 11 + 7 The Business purchased office furniture. The company paid cash or $8,000 and agreed to pay the account payable for the remaindor, $9,000, with three months Jan 12 + + 10 of sold All shares, which he owned for several years, receiving 876,000 cach Jan from his stockbroken 18 + 1+ 11 Jet deposited the $76,000 ish from the sale of the ABC shares in his personal 100 21 + bank account 1+ Jan 25 17 12 A represenlative of a urge company lelephonod Jet and told him of the company's intention to put a down payment of $15,000 on a lot Jan 31 + 18 Jet finished a real estate dual on behalf of a client and submitted his bill for services $3.500.Jer axweds to collect from this client within two weeks. Rail + 21 The business ad hall its account payable for the furniture purchased on Total! January 7. . 25 The business paid office runt of $500. Requirement 3. At the end of the first month of operationis, Jet has a number of questions about the financial standing of the business E 31 The business declared and paid a cash dividend of 5220