2: ACG 2021C, Prin. of Financial Accounting (1) Homework: 01 Homework - Required-Week 1 Accounting & the Bu Score: 0 of 13 pts 14 of 15 (13 complete) PF1-41A (similar to) Maryssa Mitchell opened a public relations firm called Pop Chart on August 1, 2024. The following amounts summarize her business on August 31, 2024: (Click the icon to view the amounts.) Delfin Mendoza | 01/11/21 1:03 PM Save HW Score: 74%, 74 of 100 pts Question Help During September 2024, the business completed the following transactions: (Click the icon to view the transactions.) Analyze the effects of the transactions on the accounting equation of Pop Chart. Analyze the events chronologically, one transaction at a time. Beginning with transaction a., calculate the balance in each account after analyzing the effect of the transaction on the accounting equation. (Complete only the necessary answer boxes for your transaction lines. [Do not enter any zeros for your transaction lines.] Carry down all balances to the "Bal." line, including zero balance accounts, entering a "0" for any zero balances. Enter a decrease in an account with a minus sign or parentheses. Abbreviations used: A/P = Accounts Payable; A/R = Accounts Receivable; Adv. = Advertising; Com. = Common; Contr. = Contributed; Div. = Dividends; Exp. = Expense; Liab = Liabilities; Rev. = Revenue; Sup. = Supplies.) ASSETS LIAB. = EQUITY More Info Contr. Capital + Retained Earnings Cash + A/R + Office + Land A/P + Sup. Com. Stock Div. + Service - Rent Adv. a. Rev. Exp. Exp. Received contribution of $14,000 cash from Maryssa Mitchell in exchange for common stock. Bal. 2,400 + 2,700 + 0 + 18,000 = 9,000 + 11,400 - 0 + 2,700 0 - 0 b. Performed service for a client and received cash of $1,600. C. Paid off the beginning balance of accounts payable. a. Bal. + + + + = + d. Purchased supplies from OfficeMax on account, $500. + + e. Collected cash from a customer on account, $1,500. f. Cash dividends of $1,900 were paid to stockholders. 9. h. Consulted for a new band and billed the client for services rendered, $2,700. Recorded the following business expenses for the month: 1. Paid office rent, $800. 2. Paid advertising, S600. Enter any number in the edit fields and then click Check Answer. 7 parts remaining Clear All Print Done Check