4. Meg McKinney opened a public relations firm called Solid Gold on August 1, 2024. The following amounts summarize her business on August 31, 2024: 5(Click the icon to view the amounts.) During September 2024, the business completed the following transactions: 6(Click the icon to view the transactions.) Print Analyze the effects of the transactions on the accounting equation of Solid Gold. 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; Cap. = McKinney, Capital; Exp. = Expense; Liab = Liabilities; Rev. Revenue; Sup. = Supplies; Withdr. = McKinney, Withdrawals.) ASSETS = LIAB. EQUITY Cash + A/R + Office + Land = A/P Cap. Sup. Bal. 1,900 + 3,200 0 15,000 = 5,000 11,900 + Withdr. + Service Rev. 3,200 Rent Adv. Exp. Exp. 0 0 a. + Bal. + + b. + + Bal. + + C. + Bal. + + d. Bal. + + + + e. + + + Bal. + + + f. + Bal. + g. Bal. + + h1. + h2. + Bal. 5: Data Table ASSETS Accounts Office = LIABILITIES Accounts Cash + Receivable + Supplies + Land = Payable Bal. $1,900 + $3,200 + $0 + $15,000 = $5,000 McKinney, + Capital + $11,900 6: More Info a. Meg McKinney contributed $17,000 cash in exchange for capital. b. C. Paid off the beginning balance of accounts payable. d. Performed service for a client and received cash of $800. Purchased office supplies from OfficeMax on account, $1,200. e. Collected cash from a customer on account, $2,000. f. McKinney withdrew $1,600. g. Consulted for a new band and billed the client for services rendered, $4,500. h. Recorded the following business expenses for the month: 1. Paid office rent: $1,000. 2. Paid advertising: $500. Rent EQUITY McKinney, Service Withdrawals + Revenue - Expense $3,200 Advertising - Expense