Exercise 1-21 Effects of transactions on the accounting equation Le,zCCe CHECK FIGURE: Mailin Moon, Capital =$13,650 Mailin Moon is a freelance writer who submits articles to various magazines and newspapers. She operates out of a small office where she employs one administrative assistant. The following activities occurred during March 2023, her first month of business: 1. Moon invested $2,500 worth of equipment into her business along with $3,000 cash. 2. Submitted a series of articles to The Globe and Mail and received $6,500 cash. 3. Purchased supplies on credit; $600. 4. Paid the part-time administrative assistant's salary of $1,450. 5. Moon ordered $3,000 of office equipment from the IKEA catalogue. It is scheduled to arrive in April or May. 6. Paid the rent for the first month; $1,400. 7. Submitted an article to Report on Business; will receive $4,500 next month. Using the format provided below, show the effects of the activities listed in (a) through ( g ). For each transaction that affects equity, include a brief description beside it (owner investment, owner withdrawal, revenue, rent expense, and salaries expense). AssetsCash+ReceivableAccounts+Supplies+Equipment=PayableAccounts+MailinMoon,ExplanationofCapitalTransaction=Liabilities+Equity