Wirts httpsdagen wins.com/dum an S e cial Accounting, Seventh Canadian Idition by i Weygandt, Klesa, Trenholm, Irvine, and Burnley Tour answer is partly corred. Try agan Osumber Computer Corporation had the following opening account balances at the end of April: Cash $4,500: Arturs Recewatile $53CO: A Earnings $3,300. It entered into the following transactions during the month of May Pay 1. Purchased equipment on account for $4,000. 2. Paid $1,000 for rent for the month of May. 3. Prowded computer services for $3,600 on account 4. Paid Crtano Hydro $200 cash for utilities used in May. 5. Borrowed $21,800 from the bank. Pard suppler for equement purchased in transaction 1. 7. Purchased a one-year accident insurance policy for $400 cash. 8. Received $2,000 cash in partial payment of the account owed in transaction 3. 9. Declared and paid $500 of dividends to shareholders 10. Paid income tax of $230 for the month Prepare an equation analysis of the effects of the opening balances and above transactions on the expanded accounting equation. (ura transaction Stare olders' Equity, place a negative sivi (v poverthese in rete the mount anterud for the particular Asset Liability or Louity item th Assets Liabilities Transaction maction cash Cash belonging be the one tantoment Accounts Receivable Prepaid Insurance Accounts Payable de Bank Loan Payable Equipment n Common Shares dece nas malo Balam nun *** IN D E 1 = nel Weygandt, Klese, Trenholm, Irvine, and Burnley PRINTER VISION BACK NEXT Aprill Cash $4,500: Accounts Receivable $5,800, Accounts Payable $2,000) Common Shares $5,000; and retained the expanded accounting equation and transaction causa decrease try Assers, Lates red for the particulas Liability or item that was reduced. See Tilustration 3-3 for examples Liabilities Shareholders' Equity