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Mary Crone opened a public relations rm called Pop Chart on August 1, 2018. The following amounts summarize During September 2018, the business completed the following transactions: her business on AUQUSt 31) 2018: 0 (Click the icon to view the transactions.) 3 (CHCK the icon 1 view the amounts.) Analyze the effects of the transactions on the accounting equation of Pop Chart. 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: AIP = Accounts Payable; AIR = Accounts Receivable; Adv. = Advertising; Cap. = Crone, Capital; Exp. = Expense; Liab = Liabilities; Rev. = Revenue; Sup. = Supplies; Withdr. = Crone, Withdrawals.) ASSETS = LIAB. + EQUITY Cash + AIR + Ofce + Land = A/P + Cap. - Withdr. + Service - Rent - Adv. Sup. Rev. Exp. Exp. Bal. 2,200 2,800 0 10,000 = 6,000 6,200 0 2,800 0 0 a. + + + = + . + _ _ Bal. + + + = + - + . . i More Info X a. Mary Crone contributed $15,000 cash in exchange for capital. b. Performed service for a client and received cash of $700. C. Paid off the beginning balance of accounts payable. d. Purchased office supplies from OfficeMax on account, $600. e. Collected cash from a customer on account, $2,400. f. Crone withdrew $1, 100. g. Consulted for a new band and billed the client for services rendered, $2,800. h. Recorded the following business expenses for the month: 1. Paid office rent: $1,400. 2. Paid advertising: $550. Print Done