Exercise Effects of transactions on the accounting equation.CHECK FIGURE: Mailin Moon, Capital = $13,650Mailin Moon is a freelance writer who submits articles to various magazines and newspapers. She operates out of a smil office where she employs one administrative assistant.The following activities occurred during March 2017, her first month of business:a. Moon invested $2,500 worth of equipment into her business along with $3,000 cash.b. Submitted a series of articles to The Globe and Mail and received $6,500 cash.c. Purchased supplies on credit; $600.d. Paid the part-time administrative assistant's salary of $1,450.e. Moon ordered $3,000 of office equipment from the IKEA catalogue. It is scheduled to arrive in April or May.f. Paid the rent for the first month; $1,400.g. 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).ASSETSLIABILITIESEQUITYNoCashAccountSuppliesEquipmentAccounts PayableM. MoonReceivablesCapitalB. Create T AccountsCASHAccount RecievablesSUPPLIESEQUIPMENTACCOUNTS PAYABLEC. Create a Trial BalanceTotal