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.)

More Info Maryssa Mahoney opened a public relations firm called Music Maze on August 1, 2018. The following amounts summarize her business on August 31, 2018: During September 20 (Click the icon to E: (Click the icon to view the amounts.) Analyze the effects of a. b. Analyze the events chronologically, one transaction at a time. Beginning with transaction a., calculate the balance in each account after necessary answer boxes for your transaction lines. [Do not enter any zeros for your transaction lines.] Carry down all balances to the "B decrease in an account with a minus sign or parentheses. Abbreviations used: A/P = Accounts Payable; A/R = Accounts Receivable; Ady Expense; Liab = Liabilities; Rev. = Revenue; Sup. = Supplies.) C. d e. Received contribution of $12,000 cash from Maryssa Mahoney in exchange for common stock. Performed service for a client and received cash of $1,200. Paid off the beginning balance of accounts payable. Purchased supplies from Office Max on account, $500. Collected cash from a customer on account, $1,700. Cash dividends of $1,800 were paid to stockholders. Consulted for a new band and billed the client for services rendered, $5,500. Recorded the following business expenses for the month: 1. Paid office rent, $700. 2. Paid advertising, $750. ASSETS LIAB. EQUITY f. Contr. g. h. Capital Retained Earnings Cash A/R Office + Land - A/P + Com Div. + Service Rent Adv. Sup Stock Rev. Exp. Exp. Print Done Data Table ASSETS LIABILITIES EQUITY Contributed Capital Retained Earnings Cash Accounts Office Land Accounts EI Common Dividends Service Rent Advertising Expense Payable Stock Revenue Expense Receivable Supplies $ 2,600 + $ 3,300 + $ 0 + $ 13,000 = $ Bal. 5,000 + $ 10,600 + $ 3,300 10:17 PM