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Mary Mansion opened a public relations firm called Super Starz on August 1, 2024 The following amounts summarize her business on August 31, 2024: (Click
Mary Mansion opened a public relations firm called Super Starz on August 1, 2024 The following amounts summarize her business on August 31, 2024: (Click the icon to view the amounts.) Bal. a. The beginning balances given in the question have been entered for you. 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. Cap. Mansion, Capital, Exp. = Expense; Liab = Liabilities, Rev. = Revenue, Sup. = Supplies, Withdr = Mansion, Withdrawals) Bal. b. Bal. ASSETS Cash + A/R + Office + Land = Sup 1,800 + 3,000 + + + 0 + 17,000 = || | || LIAB. + A/P 3,000 + Cap. C 15,800 - With dr. During September 2024, the business completed the following transactions: (Click the icon to view the transactions.) 0 Analyze the effects of the transactions on the accounting equation of Super Starz EQUITY + Service Rev 3,000 - Rent Exp 0 - Adv. Exp 0
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