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Brantley Shumaker opened a public relations firm called Gold Star Services on August 1 , 2 0 2 5 . The following amounts summarize the
Brantley Shumaker opened a public relations firm called Gold Star Services on August The following amounts summarize the business on August :
View the amounts.
During September the business completed the following transactions:
View the transactions.
Analyze the effects of the transactions on the accounting equation of Gold Star Services.
The beginning balances given in the question have been entered for you. 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 input fields 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 for any zero balances. Enter a decrease in an account with a minus sign or parentheses. Abbreviations used:
Accounts Payable; AR Accounts Receivable; Adv. Advertising; Com. Common; Contr. Contributed; Div. Dividends; Exp. Expense; Liab Liabilities; Rev. Revenue; Sup. Supplies.
ASSETS LIAB.
Contr.
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