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Mary Maguire opened a public relations firm called Tuney Town on August 1, 2024. The following amounts summarize her business on August 31, 2024: During
Mary Maguire opened a public relations firm called Tuney Town on August 1, 2024. The following amounts summarize her business on August 31, 2024:
Question PF1-41A (similar to) Mary Mappened apellations formand Tuney Town on August 1, 2004. The following amounts are 2004 During September 2024, the business completed the following tractions Click the icon to view the tradition) Analyze the effects of the transactions on the accounting equation of Toney Tun Analyse ever come trudion time lleging we action called the balance in each count the analyting effect of the transaction on the accounting gowlion Concilly they camos o monterary for your transaction in Canty down a balances to the line including pero balance centering for any rera blanc. Enter a terme arawi por perhosen Abreviation AS - Accountabile: AR Accounts Receivable Advertising Com Common Conte Corbuled Dw-Dividende Exp Experwe. Linha Gupp ASSETS LIAM EQUITY Con Capital Retained Earnings AR Oo Land AP D. Service Rent AY S Stock Exp Ex 2.600 - 12.000 - 8.000 3.100 2.600 0 D- 0 ASSETS LIABILITIES EQUITY Account - cable Bal 2.100-5 2.000 $ Contributed Capit Commen Stock 3.100 Accounts Payable 10.000 Advertising Expense Land 0.-19.000 - 5 Dividende Robined Earning Service Ravenue Expanse + 2.000 Print Don Check Arewer Mary Maguire opened a public relations firm called Tuney Town on August 1, 2024. The following amounts summarize her business on August 31, 2024: B (Click the icon to view the amounts.) Exp. = Expense; Liab - Liabilities, Rev. = Revenue: Sup. = Supplies) ASSETS LIAB During September 2024, the business completed (Click the icon to view the transactions.) Analyze the effects of the transactions on the acc + EQUITY Contr. Cash + A/R + + Office + Land AP Div. Adv. Capital + Com Stock 6,000+ 8,100 Retained Earnings + Service Rent Rev. Exp. 0 + 2,600 0 Sup. Exp. Bal. 2,100 + 2.600 + 0 + 12,000 = a + Bal Enter any number in the edit fields and then click Check Answer. + EQUITY ASSETS = LIABILITIES Contributed Capital Accounts Office Accounts Common Cash + Receivable + Supplies + Land Payable Stock Bal. $ 2,100 + $ 2,600 + $ 0 + $ 12,000 = $ 6,000 + $ 8,100 Retained Earnings Service Rent + Revenue - Expense + $ 2,600 Advertising Expense Dividends Print Done i More Info 10 a. b. C. d. e. f. Received contribution of $9,000 cash from Mary Maguire in exchange for common stock. Performed service for a client and received cash of $1,100. Paid off the beginning balance of accounts payable. Purchased supplies from OfficeMax on account, $900. Collected cash from a customer on account, $2,500. Cash dividends of $1,800 were paid to stockholders. Consulted for a new band and billed the client for services rendered, $6,500 Recorded the following business expenses for the month: 1. Paid office rent, $800. 2. Paid advertising, $450. g. h. Print Done During September 2024, the business completed the following transactions: i (Click the icon to view the transactions.)
Analyze the effects of the transactions on the accounting equation of Tuney Town.
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. [Do not enter any zeros for your transaction lines.] Carry down all balances to the "Bal." line, including zero balance accounts, entering a "0" for any zero balances. Enter a decrease in an account with a minus sign or parentheses. Abbreviations used: A/P = Accounts Payable; A/R = Accounts Receivable; Adv. = Advertising; Com. = Common; Contr. = Contributed; Div. = Dividends; Exp. = Expense; Liab = Liabilities; Rev. = Revenue; Sup. = Supplies.)
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