P1-40A (similar to) is Question Help Martha Montana opened a public relations firm called Dance Fever on August 1, 2018. The following amounts summarize her business on August 31, 2018: During September 2018, the business completed the following transactions: (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 Dance Fever 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.) ASSETS LIAB. EQUITY Contr. Capital Retained Earnings Cash + A/R + Office + Land A/P + Com. Div. + Service Rent Adv. Sup. Stock Rev. Exp. Exp. Bal. 3,300 + 0 + 16,000 = 9,000 + 9,600 0 3,300 0 0 2,600 + 1740 1300 450 a. Bal. 860 16,000 = 9,000 9600 1500 3,300 1300 450 Enter any number in the edit fields and then click Check Answer. ? P1-40A (similar to) Question Help Martha Montana opened a public relations firm called Dance Fever 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 Dance Fever. Data Table arry And tran dowl par Exp ASSETS = LIABILITIES + EQUITY Contributed Capital Retained Earnings Cash + Accounts + Office + Land = Accounts + Common Dividends + Service Rent - Advertising Expense Stock Revenue Expense Receivable Supplies Bal. $ 2,600 + $ 3,300 + $ 0 + $ 16,000 = $ Payable 9,000 + $ 9,600 + $ 3,300 Bal a. Bal Print Done Enter any number in the edit fields and then click Check Answer. ? P1-40A (similar to) is Question Help Martha Montana opened a public relations firm called Dance Fever on August 1, 2018. The following amounts summarize her business on August 31, 2018: During September 2018, the business completed the following transactions: (Click the icon to view the transactions.) (Click the icon to view the amounts.) accounting equation of More Info Analyze the events chronologically, transaction on the accounting equatid down all balances to the "Bal." line, in parentheses. Abbreviations used: A/H Exp. = Expense; Liab = Liabilities; Rd after analyzing the effect of the pros for your transaction lines.] Carry iccount with a minus sign or : = Contributed; Div. = Dividends; a. b. ASSETS C. d. e. Received contribution of $12,000 cash from Martha Montana in exchange for common stock. Performed service for a client and received cash of $1,300. Paid off the beginning balance of accounts payable. Purchased supplies from OfficeMax on account, $400. Collected cash from a customer on account, $1,800. Cash dividends of $1,500 were paid to stockholders. Consulted for a new band and billed the client for services rendered, $5,500. Recorded the following business expenses for the month: 1. Paid office rent, $1,300. 2. Paid advertising, $450. f. Cash + A/R + Offi g. Su h. Bal. + 3,300 + 2,600 1740 a. Bal. 860 Print Done Enter any number in the edit fields and then click Check
