Score: 0 of 1 pt 2 of 3 (0 complete) HW Score: 0%, 0 of 3 p P1-40A (similar to) A Question Help Milan Marone opened a public relations firm called Top 40 on August 1, 2016. The following amounts summarize her business on August 31, 2016 F: (Click the icon to view the amounts.) During September 2016, the business completed the following transactions A (Click the icon to view the transactions.) Analyze the effects of the transactions on the accounting equation of Top 40 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: A/P = Accounts Payable; A/R = Accounts Receivable: Adv. = Advertising: Cap. = Marone. Capital: Exp. = Expense: Liab = Liabilities; Rev. = Revenue; Sup. = Supplies; Withdr. = Marone, Withdrawals.) More Info ASSETS LIAB. EQUITY Cash + A/R + Office + Land A/P . . Withdr. Rent - Adv. + Service Rev. Exp. Exp. Sup. 0 a. Bal 2,000 2,800 12,000 = 5,000 9,000 0 2,800 0 0 b. c. d. Bal. e. f. Milan Marone contributed $15,000 cash in exchange for capital. Performed service for a client and received cash of $600. Paid off the beginning balance of accounts payable. Purchased office supplies from OfficeMax on account, $1,200. Collected cash from a customer on account, $2,100. Milan withdrew $2,000. Consulted for a new band and billed the client for services rendered, $4,000 Recorded the following business expenses for the month: 1. Paid office rent: $1,300. 2. Paid advertising: $600. g. h. Enter any number in the edit fields and then click Check Answer. 7 parts Clear All remaining