On June 1, 2019, Peyton established a proprietorship known as PS Music. During June, Peyton entered into the following transaction

\fHill item 13. Paid City Ofce Supply Co. $100 on account. 16. Received $300 from a dentist for providing two music sets for the dentist to play for her patients. 22. Served as disc jockey for a wedding party. The father of the bride agreed to pay $1,000 in July. .-. 25. Received $500 for serving as the disc jockey for a cancer charity ball hosted by the local hospital. 29. Paid $240 (music expense) to Galaxy Music for the use of its library of music demos. 30. Received $900 for serving as PS disc jockey for a local club's monthly dance. 30. Paid Pinnacle Realty $400 for PS Music's share of the receptionist's wages for June. 30. Paid Pinnacle Realty $300 for PS Music's share of the utilities for June. 30. Determined that the cost of supplies on hand is $170. Therefore, the cost of supplies used during the month was $180. 30. Paid for miscellaneous expenses, $415. a 30. Paid $1,000 royalties (music expense) to National Music Clearing for use of various artists' music during the month. 30. Withdraw $500 of cash from PS Music for personal use. Required: indicate the effect of each transaction and the balances after each transaction. Enter deductions and negative values (withdrawals and expenses, numbers. For transactions occurring on the same date, enter in the order shown above. Assets = Liabilities + Check My Work 1 more Check My Work uses remaining. in a an 9 \fOwner's Equity Equip. Rent Advertising Utilities Exp. Exp. . Exp. =,500 J 'l 350' x 4 Check My Work 1 more Check My Work uses remaining [1:11 mqt