Mary Mahoney opened a public relations firm called Goth on August 1, 2018. The following amounts summarize her business on August 31, 2018: (Click the icon to view the amounts.) During September 2018, the business completed the following transactions: (Click the icon to view the transactions.) Analyze the effects of the transactions on the accounting equation of Goth. 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 'o' 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.) ASSETS LIAB EQUITY - Retained Earnings Cash . AR + Land Div A/P Adv. Rent Contr. Capital Com Stock 8,000 Office Sup 0+ Service Rev. 2.400 Exp Exp. 0 Bal 2,000 0 11,000+ 2.400 + 5,000 + --- in the restinn (Click the icon to view the transactions.) Mary Mahoney opened a public relations form called Goth on August .. anager following amounts summarize her business on August 31, 2018 ovides (Click the icon to view the amounts.) Analyze the effects of the transactions on the accounting equ 0 0 Bal. 2.000 + 2,400 + 0+ 2.400 11,000 = 0 + 5,000 + 8,000 + a + + + outside credito taxing 9. interna + Bal + + + + + b. + + + + Bal + + + + + Bal + + + The field focuses informati 4 d. Bal. + decision Mary Mahoney opened a public relations firm called Goth on August 1, 2018. The er following amounts summarize her business on August 31, 2018: es Click the icon to view the amounts.) Ball During September 2018, the business completed the Click the icon to view the transactions.) Analyze the effects of the transactions on the account de e. + itd Bal + + g 1 + nd Bal. + + + 9 Bal + eld h1 so h2. - ati Bal. on i Data Table ASSETS = LIABILITIES EQUITY Contributed Capital + Cash Accounts + Office - Land Dividends Accounts Common Payable Stock 5,000 + + $ 8,000 Retained Earnings + Service Rent Revenue Expense + $ 2,400 - Advertising Expense Receivable Supplies Bal. $ 2,000 + S 2,400 + $ 0 + $ 11.000 = $ Print Done X More Info a. b. C. d. e. Received contribution of $13,000 cash from Mary Mahoney 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 Office Max on account, $1,000. Collected cash from a customer on account, $1,900. Cash dividends of $1,800 were paid to stockholders. Consulted for a new band and billed the client for services rendered, $3,500. Recorded the following business expenses for the month: 1. Paid office rent, $800. 2. Paid advertising, $450. f. g. ar h
