Homework: Week One: Chapter 1 Problems Save Score: 0 of 3 pts 1 of 4 (0 complete) HW Score: 0%, 0 of 15 pts PF1-41 A (similar to) Question Help Missy Clarmont opened a public relations firm called Top 40 on August 1, 2024 The following amounts summarize her business on August 31, 2024 (Click the icon to view the amounts) During September 2024, the business completed the following transactions Click the icon to view the transactions Analyze the effects of the transactions on the accounting equation of Top 40 Analyze the events chronologically, one transaction at a time. Beginning with transaction a, calculate the balance in each account after analyzing the effect of the transaction on the accounting equation. (Complete only the necessary answer boxes for your transaction lines Da not enter any zeros for your transaction lines] Carry down all balances to the "Bal" lime, including zero balance accounts, entering a "o for any zero balances Enter a decrease in an account with a minds signo parentiveses Abbreviations used A/P Accounts Payable AUR = Accounts Receivable Adv. = Advertising Cap = Clarmont Capital Exp Expense. Liab = Liabile RevRevenue, Sup Supplies, Withdr = Clarmont Withdrawals > a base + EQUITY LIAB Cash + + Land . With Rent ASSETS AIR + Office Sup 2.900 + Service Rev Adi Exp Exp Bal 2,500 13 000 = 3.000 12 500 2.990 0 Bal Data Table Cash ASSETS Accounts Ottice Receivable Supplies + Land 52 900 $0 + $13.000 LIABILITIES Accounts Payable $3/000 Clamint Capital SO EQUITY Clamont, Service Withdrawals Revenue 52 900 Bal $2.500 Rent Advertising Expense Expense Print DA More Info - X f. Missy Clarmont contributed $9,000 cash in exchange for capital. Performed service for a client and received cash of $1,200. Paid off the beginning balance of accounts payable. Purchased office supplies from Office Max on account, $600. Collected cash from a customer on account, $1,600. Clarmont withdrew $1.900. Consulted for a new band and billed the client for services rendered. $6.000 Recorded the following business expenses for the month: 1. Paid office rent: $900. 2. Paid advertising: $700. Print Done