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CHECK FIGURE: Natalie Gold, Capital, July 31, 2020 = $11,550 Natalie Gold is the owner of the marketing agency Vivid Voice. The company focuses on
CHECK FIGURE: Natalie Gold, Capital, July 31, 2020 = $11,550
Natalie Gold is the owner of the marketing agency Vivid Voice. The company focuses on online consulting services, such as online marketing campaigns and blog services. The June transactions for Vivid Voice resulted in totals at June 30, 2020, as shown in the following accounting equation format:
During July, the following occurred:
a. Collected $800 from a credit customer.
b. Paid $2,500 for equipment purchased on account in June.
c. Did work for a client and collected cash; $1,100.
d. Paid a part-time consultants wages; $950.
e. Paid the July rent; $1,200.
f. Paid the July utilities; $600.
g. Performedservicesforacustomeroncredit;$1,600.
h. Called an information technology consultant to fix the agencys photo editing software in August; it will cost $350.
Using the format provided above, show the effects of the activities listed in (a) through (h). For each trans- action that affects equity, include a brief description beside it (owner investment, owner withdrawal, revenue, expense).
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