Sheet1Requirements:1. Analyze the effects of the events on the accounting equationTransactions :of the proprietorship of Arron Judge, CPAFeb. 4Judge received 26,000 cash from former acct. partners*2. As of February 28, computeFeb. 5Deposited $60,000 in new business banka. Total assetsaccount titled, Arron Judge, CPA. b. Total liabilitiesThe business gave capital to Judge.c. Total owners equityFeb. 6Paid $600 cash for letterhead stationary for the new officed. Net income of net loss for FebruaryFeb. 7Purchased office furniture for the office. The business will pay the account payable,$9,900, within 3 months.Feb. 10Judge sold a personal investment in Amazing.com stock, which he had owned for several years, receiving $55,000 cash*Feb. 11Judge deposited the $55,000 cash from sale of the Amazing.com stock in his personalbank account *Feb. 12A representative of a large company telephoned Judge and told him of the company'sintention to transfer its accounting business to Judge.Feb. 18Finished tax hearings on behalf of a client and submitted a bill for accountingservices, $13,500. Judge expected to collect from his client within two weeks.Feb. 25Paid office rent, $1,100Feb. 28Withdrew $9000 for personal use* Personal transaction of Arron Judge. Complete only the necessary answer boxes for your transaction lines. Carry down all balances. Including zero balance accounts. Enter decreases with a minus sign or parentheses.Requirement 1.Analyze the effects of the events on the accounting equation of the proprietorship of Arron Judge, CPA.First lets complete transactions for Feb. 4 through Feb. 5. Leave cells blank for any personal transactions. AssetsLiabilities+Owners EquityDateCash+Acct. Rec.+SuppliesOffice FurnitureAcct. PayableArron Judge, CapitalType of Owners Equity Transaction4-Feb++5-FebBal. Next we will complete the transaction from Feb. 6 through Feb. 7.AssetsLiabilities+Owners EquityDateCash+Acct. Rec.+SuppliesOffice FurnitureAcct. PayableArron Judge, CapitalType of Owners Equity Transaction6-Feb++7-FebBal. Next we will complete the transactions from Feb. 10 through Feb. 25:AssetsLiabilities+Owners EquityDateCash+Acct. Rec.+SuppliesOffice FurnitureAcct. PayableArron Judge, CapitalType of Owners Equity Transaction10-Feb++11-Feb12-FebBal. AssetsLiabilities+Owners EquityDateCash+Acct. Rec.+SuppliesOffice FurnitureAcct. PayableArron Judge, CapitalType of Owners Equity Transaction18-Feb++Bal25-FebBal. Finally we can complete the February 28 transaction:28-Feb++BalRequirement 2 Determine the amounts for the following:a. Total assetsb. Total Liabilitiesc. Total owners equitd. Net income for February Arron Judge practices accounting with a partnership for five years. Recently he opened his own accounting firm, which he operates as a proprietorship. The name of the new entity is Arron Judge, CPA. Judge experienced the following events during the organizing phase of the new business and its first month of operations. Some of the events were personal and d.

1. Sheet1Requirements:1. Analyze the effects of the events on the
accounting equationTransactions :of the proprietorship of Arron
Judge, CPAFeb. 4Judge received 26,000 cash from former acct.
partners*2. As of February 28, computeFeb. 5Deposited
$60,000 in new business banka. Total assetsaccount titled,
Arron Judge, CPA. b. Total liabilitiesThe business gave capital
to Judge.c. Total owners equityFeb. 6Paid $600 cash for
letterhead stationary for the new officed. Net income of net loss
for FebruaryFeb. 7Purchased office furniture for the office. The
business will pay the account payable,$9,900, within 3
months.Feb. 10Judge sold a personal investment in
Amazing.com stock, which he had owned for several years,
receiving $55,000 cash*Feb. 11Judge deposited the $55,000
cash from sale of the Amazing.com stock in his personalbank
account *Feb. 12A representative of a large company
telephoned Judge and told him of the company'sintention to
transfer its accounting business to Judge.Feb. 18Finished tax
hearings on behalf of a client and submitted a bill for
accountingservices, $13,500. Judge expected to collect from his
client within two weeks.Feb. 25Paid office rent, $1,100Feb.
28Withdrew $9000 for personal use* Personal transaction of
Arron Judge. Complete only the necessary answer boxes for
your transaction lines. Carry down all balances. Including zero
balance accounts. Enter decreases with a minus sign or
parentheses.Requirement 1.Analyze the effects of the events on
the accounting equation of the proprietorship of Arron Judge,
CPA.First lets complete transactions for Feb. 4 through Feb. 5.
Leave cells blank for any personal transactions.
AssetsLiabilities+Owners EquityDateCash+Acct.
Rec.+SuppliesOffice FurnitureAcct. PayableArron Judge,
CapitalType of Owners Equity Transaction4-Feb++5-FebBal.
Next we will complete the transaction from Feb. 6 through Feb.
7.AssetsLiabilities+Owners EquityDateCash+Acct.
Rec.+SuppliesOffice FurnitureAcct. PayableArron Judge,

2. CapitalType of Owners Equity Transaction6-Feb++7-FebBal.
Next we will complete the transactions from Feb. 10 through
Feb. 25:AssetsLiabilities+Owners EquityDateCash+Acct.
Rec.+SuppliesOffice FurnitureAcct. PayableArron Judge,
CapitalType of Owners Equity Transaction10-Feb++11-Feb12-
FebBal. AssetsLiabilities+Owners EquityDateCash+Acct.
Rec.+SuppliesOffice FurnitureAcct. PayableArron Judge,
CapitalType of Owners Equity Transaction18-Feb++Bal25-
FebBal. Finally we can complete the February 28
transaction:28-Feb++BalRequirement 2 Determine the amounts
for the following:a. Total assetsb. Total Liabilitiesc. Total
owners equitd. Net income for February
Arron Judge practices accounting with a partnership for five
years. Recently he opened his own accounting firm, which he
operates as a proprietorship. The name of the new entity is
Arron Judge, CPA. Judge experienced the following events
during the organizing phase of the new business and its first
month of operations. Some of the events were personal and did
not affect the business.