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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

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 2017, 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, expense). image text in transcribed

Accounts Assets Cash Receivable + Supplies + Equipment = Liabilities + Equity Accounts Mallin Moon, Explanation of Equity Payable + Capital Transaction

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