Question: please complete the columns . Ludwig Inc. began operations on August 1, 2014. The transactions for the first month follow. a. Ludwig Inc. issued shares

please complete the columns .

Ludwig Inc. began operations on August 1, 2014. The transactions for the first month follow. a. Ludwig Inc. issued shares to shareholders for $75,000. b. Furniture was rented by a customer for $800 cash. c. Ludwig Inc. paid $3,750 for equipment purchased today. d. Ludwig Inc. paid $150 for this month's utilities bill received today. e. Ludwig Inc. purchased new equipment by paying $750 cash. f. Ludwig Inc. used credit to purchase $500 of equipment. g. Ludwig Inc. collected $500 for commissions earned today. h. The $500 bill for the advertising campaign that ran last week was received today. It will be paid within 30 days. i. Ludwig Inc. collected $7,500 for commissions earned today. j. Ludwig Inc. paid dividends of $1,700 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 August 31. a) Complete the following accounting equation table: Assets Liabilities Equity Explanation +Share Capital +Retained Earnings = @@OSTEGEes Bal. 20 ENG dx JLILI-TZ7O b) Complete the following income statement: (select one) Income Statement (select one) c) Complete the following statement of changes in equity: (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity d) Complete the following balance sheet: (select one) Balance Sheet (select one) X X XI
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