Problems Group A P-F:1-41A. Using the accounting equation for transaction analysis (Learning Objective 4) Meg McKinney opened a public relations firm called Solid Gold on August 1, 2024. The following amounts summarize her business on August 31, 2024: ASSETS LIABILITIES + EQUITY Contributed Capital + Retained Earnings Accounts Common Dividends - Service Rent Advertising Payable Stock Revenue Expense Expense $5,000 $11.900 $3,200 Land Cash + Accounts Office Receivable Supplies Bal. $1,900 + $3.200 SO $15,000 During September 2024, the business completed the following transactions: a. Received contribution of $17,000 cash from Meg McKinney in exchange for common stock. b. Performed service for a client and received cash of $800. c. Paid off the beginning balance of accounts payable. d. Purchased office supplies from OfficeMax on account, $1,200. e. Collected cash from a customer on account, $2,000. f. Cash dividends of $1,600 were paid to stockholders. g. Consulted for a new band and billed the client for services rendered, $4,500. h. Recorded the following business expenses for the month: Paid office rent: $1,000. Paid advertising: $500. Problems Group A P-F:1-41A. Using the accounting equation for transaction analysis (Learning Objective 4) Meg McKinney opened a public relations firm called Solid Gold on August 1, 2024. The following amounts summarize her business on August 31, 2024: ASSETS LIABILITIES + EQUITY Contributed Capital + Retained Earnings Accounts Common Dividends - Service Rent Advertising Payable Stock Revenue Expense Expense $5,000 $11.900 $3,200 Land Cash + Accounts Office Receivable Supplies Bal. $1,900 + $3.200 SO $15,000 During September 2024, the business completed the following transactions: a. Received contribution of $17,000 cash from Meg McKinney in exchange for common stock. b. Performed service for a client and received cash of $800. c. Paid off the beginning balance of accounts payable. d. Purchased office supplies from OfficeMax on account, $1,200. e. Collected cash from a customer on account, $2,000. f. Cash dividends of $1,600 were paid to stockholders. g. Consulted for a new band and billed the client for services rendered, $4,500. h. Recorded the following business expenses for the month: Paid office rent: $1,000. Paid advertising: $500