question 4

Natalie Gold is the owner of the marketing agency Vivid Voice. The company focuses on online consulting services, such as online marketing campaigns and blog services. The June transactions for Vivid Voice resulted in totals at June 30, 2020, as shown in the following accounting equation format: Assets Accounts Cash Receivable Supplies - Equipment $6,000 $2,000 $2,700 37,300 Liabilities Accounts Payable $4,500 Natalie Gold, Capital $14,000 Equity Explanation of Equity Transaction During July, the following occurred: a. Collected $880 from a credit customer b. Paid $2,900 for equipment purchased on account in June. c. Did work for a client and collected cash: $1,900. d. Paid a part-time consultant's wages: $1.030. e. Paid the July rent $2,000. f. Paid the July utilities: $1,000. g. Performed services for a customer on credit: $2.000. h. Called an information technology consultant to fix the agency's photo editing software in August, it will cost $430. 3. Prepare an statement of changes in equity for July 2020. VIVID VOICE Statement of Changes in Equity For Month Ended July 31, 2020 Natalie Gold, capital, July 1 Natalie Gold, capital, July 31