Meg McKinney opened a public relations firm called Solid Gold on August 1, 2018. The following amounts summarize her business on August 31, 2018:

During September 2018, the business completed the following transactions:
a. Received contribution of $17,000 cash from Meg McKinney in exchange for common stock.
b. Performed service for a client and received cash of $800.
c. Paid off the beginning balance of accounts payable.
d. Purchased office supplies from OfficeMax on account, $1,200.
e. Collected cash from a customer on account, $2,000.
f. Cash dividends of $1,600 were paid to stockholders.
g. Consulted for a new band and billed the client for services rendered, $4,500.
h. Recorded the following business expenses for the month:
Paid office rent: $1,000.
Paid advertising: $500.
Analyze the effects of the transactions on the accounting equation of Solid Gold using the format presented in Exhibit 1-6.

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LIABILITIES + ASSETS EQUITY Contributed Capital + Accounts + Common Retained Earnings Rent - Advertising Expense Cash + Accounts + Office + Land Receivable Supplies Bal. $1,900 + $3,200 + Dividends + Service - Revenue Expense Payable $5,000 Stock $0 +$15,000 + $11,900 + $3,200