Problems Group AP1-40A Using the accounting equation for transaction analysis Missy Mansion opened a public relations firm called Solid Gold on August 1, 2016. The following amounts summarize her business on August 31, 2016:++=++OfceSupplies$14,400$2,600++EQUITYASSETSAdvertisingExpense$15,000Mansion,Capital++Mansion,WithdrawalsRentExpenseServiceRevenue++Bal.$2,400AccountsReceivableLandCashLIABILITIESAccountsPayable$3,000$2,600$0Learning Objective 5Decrease in cash $9,300Learning Objective 6Learning Objective 4Cash $7,350 During September 2016, the business completed the following transactions a. Missy Mansion contributed $8,000 cash in exchange for capital .b. Performed service for a client and received cash of $1,300 .c. Paid off the beginning balance of accounts payable .d. Purchased office supplies from OfficeMax on account, $400 .e. Collected cash from a customer on account, $2,200 .f. Missy withdrew $1,800 .g. Consulted for a new band and billed the client for services rendered, $6,500 .h. Recorded the following business expenses for the month: Paid office rent: $1,400.Paid advertising: $350.