Mary Mitchell opened a public relations firm called Music Maze on August 1, 2018. The following amounts summarize her During September 2018, the business completed the following transactions: business on August 31, 2018 (Click the icon to view the transactions.) (Click the icon to view the amounts.) Analyze the effects of the transactions on the accounting equation of Music Maze 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 al 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. Abbre ations used: ANP = Accounts Payable; AR-Accounts Recevable; Adv. = Advertising: Com-Common; Contr = Contributed Div. = Dividends; E E pense; Liab Liabilities; R w. = Revenue; Sup. Supplies. ASSETS LIAB. Contr Retained Earnings Capital + Cash + AR + Office + Land A/P +Com.Div.ServiceRentAdv Sup. Stock Rev Exp. Exp. Ba 2,3003,300 0 17,000 6,00013,300 0 +3,300 Bal. Data Table ASSETS LIABILITIES+ EQUITY Retained Earnings Capt + Cash AccountsOfficeLand Accounts CommonDividendsServiceRent- Advertising Receivable Supplies Stock RevenueExpense +3,300 Bal. 2,300 3,300$ 0 +$ 17,000 =$ 6,000 13,300 Check Answer Mary Mitchell opened a public relations firm called Music Maze on August 1, 2018. The following amounts summarize her During September 2018, the business completed the following transactions: business on August 31, 2018 (Click the icon to view the transactions.) (Click the icon to view the amounts.) Analyze the effects of the transactions on the accounting equation of Music Maze 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 al 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. Abbre ations used: ANP = Accounts Payable; AR-Accounts Recevable; Adv. = Advertising: Com-Common; Contr = Contributed Div. = Dividends; E E pense; Liab Liabilities; R w. = Revenue; Sup. Supplies. ASSETS LIAB. Contr Retained Earnings Capital + Cash + AR + Office + Land A/P +Com.Div.ServiceRentAdv Sup. Stock Rev Exp. Exp. Ba 2,3003,300 0 17,000 6,00013,300 0 +3,300 Bal. Data Table ASSETS LIABILITIES+ EQUITY Retained Earnings Capt + Cash AccountsOfficeLand Accounts CommonDividendsServiceRent- Advertising Receivable Supplies Stock RevenueExpense +3,300 Bal. 2,300 3,300$ 0 +$ 17,000 =$ 6,000 13,300 Check
