This Question: 1 pt 1 of2 This Quiz: 2 pts possible Madison Russell is the proprietor of a career counselling and employee search business, Russell Personnel Services. The following amounts summarize the financial position of the business on August 31, 2020. (Click the icon to view the financial position.) During September 2020, the following company transactions occurred. O (Click the icon to view the transactions.) Required Requirement 1. Analyze the effects of the transactions on the accounting equation of Russell Personnel Services. (If a box is not used in the transaction leave the box empty; do not select a label or enter "O." Use parentheses or a minus sign for decreases. Abbreviations used: AIP = Accounts Payable; AIR = Accounts Receivable; Adv. Rev. = Advertising Revenue; Exp. = Expense; Furn. = Furniture; Rev. = Revenue; Supp. = Supplies.) Complete an analysis of the transactions for each date, and then total the balance of each account at the bottom. O Transactions Bal. QIQ Cash 50,000 + 86000 Assets 39,000 + Office Furn. 94,000 = Liabilities 73,000 + Owner's Equity M. Russell, Capital 110,000 + Service Rev. Adv. Exp Salaries Exp. Sep. Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later 3 4 9 15 18 19 22 24 29 Russell deposited $86,000 cash in the business bank account. Performed services for a client and received cash of $5,000. Paid off the August 31 , 2020, balance of accounts payable. Purchased office supplies on account, $6,300. Collected cash from a customer on account, $7,900. Consulted on a large downsizing by a major corporation and bill' the client for services rendered, $55,000. Recorded the following business expenses for the month: (1) Paid co-op students for salaries$6,200. (2) Paid advertising$3,600. Purchased office supplies at an auction for $1 ,500 cash. Russell withdrew S9.800 cash.