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for this question we need to add values in the flow Saved Help Save & Exit Submit Check my work 3 Mailin Moon is a
for this question we need to add values in the flow
Saved Help Save & Exit Submit Check my work 3 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 2020, her first month of business: ook a. Moon invested $4,000 worth of equipment into her business along with $4,500 cash. b. Submitted a series of articles to The Globe and Mail and received $8,000 cash. c. Purchased supplies on credit: $1,350. d. Paid the part-time administrative assistant's salary of $1,600. e. Moon ordered $4,500 of office equipment from the IKEA catalogue. It is scheduled to arrive in April or May f. Paid the rent for the first month: $2,900. g. Submitted an article to Report on Business, will receive $6,000 next month. Tint ences Show the effects of the activities listed in (a) through (g). For each transaction that affects equity. select the appropriate description beside it (owner investment, owner withdrawal, revenue, rent expense, and salaries expense). (Enter all amounts as positive values. If the transaction/event does not affect equity or do not require a journal entry, select "No Affect on Equity" in the 'Explanation of equity transaction' field.) Assets Liabilities + E Cash Accounts Receivable Supplies Equipment Accounts Payable + Mail a. b. C. d. e. f. Totals Step by Step Solution
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