received 300 from a dentist for providing two music sets for the dentrist tonplay for her patients

Accounting Equation Grid n June 1, 2016, Peyton established a corporation known as PS Music. Using an extensive collection of music MP3 files, Peyto ckey on a fee basis for weddings, college parties, and other events. During June, Peyton entered into the following transactions 1 Deposited $4,000 in a checking account in the name of PS Music in exchange for common stock 2 Received $3,500 from a local radio station for serving as the guest disc jockey for June. Jun. Agreed to share office space with a local real estate agency, Pinnacle Realty. PS Music will pay one- 2 fourth of the rent. In addition, PS Music agreed to pay a portion of the wages of the receptionist and to pay one-fourth of the utlities. Paid $8i0 for the rent of the office. Purchased supplies from City Office Supply Co. for $350. Agreed to pay $100 within 10 days and the 4 remainder by July 5, 2016. 6 Paid $500 to a local radio station to advertise the services of PS Music twice daily for two weeks 8 Paid $675 to a local electronics store for renting digital recording equipment g Problem- Chapter 1, Part 1 unting Equation Grid 12 Paid $350 (music expense) to Cool Music for the use of its current music demos to make various music sets 13 Paid City Office Supply Co $100 on account 16 Received $300 from a dentist for providing two music sets for the dentist to play for her patients 22 Served as disc jockey for a wedding party. The father of the bride agreed to pay $1,000 in July Received $500 for serving as the disc jockey for a cancer charity ball hosted by the local hospital. 25 29 Paid $240 (music expense) to Galaxy Music for the use of its library of music demos 30 Received $900 for serving as PS disclockey for a local club's monthly dance. Paid Pinnacle Realty $400 for PS Music's share of the receptionist's wages for June. 30 30 Paid Pinnacle Realty $300 for PS Music's share of the utilities for June Determined that the cost of supplies on hand is $170. Therefore, the cost of supplies used during the 30 month was $180 3 Determined that the cost of supplies on hand is $170. Therefore, the cost of supplies used durin month was $180. 30 Paid for miscellaneous expenses, $415 30 Paid $1.,000 royalties (music expense) to National Music Clearing for use of various artists' musi the month. 30 Paid dividends, $500 Required: 1. Indicate the effect of each transaction and the balances after each transaction, using the grid provided Part 2, a separate homework item, contains the remaining requirements. 1 more Check My Work uses remaining or