Teams Date Cash P1-34A 00 Using the accounting equation for transaction analysis (15-25 min) Matilda Crone owns and operates a public relations firm called Dance Fever, Inc. The following amounts summarize her business on August 31, 2012: Assets Liabilities - Stockholders' equity Accounts Accounts Common Retained receivable Supplies Land payable stock carnings Bal 2,300 1,800 14,000 8,000 3,000 7.100 During September 2012, the business completed the following transactions 2 sud common stock and received cash of 513,000 b. Performed service for a dient and received cash of S900 Paid off the beginning balance of accounts payable. de chuved applies from Office Max on account, 5600 Collected cash from a customer an account, 5700 f. Krewed catch of $1,600 and a common stock & Consulted for a new hand and filled the client for services rendered, 55,500 h. Recorded the following business expenses for the month 1. Vad office tent. $1,200 2. Paid advertising, 5600 Keturned supplies to OfficeMax for S110 from item d, which was the cost of the supplies. i Paid cash dividends of 52.000. Requirement 1. Analyze the effects of the preceding transactions on the accounting equation of Dance Fever, Adapt the format to that of Exhibit 1.6