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Martha Montana opened a public relations firm called Dance Fever on August 1, 2018. The following amounts summarize her business on August 31, 2018: During

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Martha Montana opened a public relations firm called Dance Fever on August 1, 2018. The following amounts summarize her business on August 31, 2018: During September 2018, the business completed the following transactions: (Click the icon to view the transactions.) (Click the icon to view the amounts.) Analyze the effects of the transactions on the accounting equation of Dance Fever. 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; Com. = Common; Contr. = Contributed; Div. = Dividends; Exp. = Expense; Liab = Liabilities; Rev. = Revenue; Sup. = Supplies.) EQUITY ASSETS LIAB. Contr. Retained Earnings Capital + Service Cash Adv. A/R Office Land A/P Com. Div. Rent Sup. Rev. Exp. Stock Exp. Bal. 2,400 + 3,300 + 10,000 = 4,000 + 8,400 3,300 a. Bal. = LIABILITIES + EQUITY ASSETS Contributed Retained Earnings Capital - Dividends + Service - Advertising Office Cash + Accounts + Land Accounts Common Rent Supplies Receivable Payable Stock Revenue Expense Expense Bal. $2,400 + $ 0 + $10,000 = $ + $ 3,300 3,300 + $ 4,000 + $ 8,400 Done Print Received contribution of $15,000 cash from Martha Montana in exchange a. for common stock. Performed service for a client and received cash of $900. b. Paid off the beginning balance of accounts payable. C. Purchased supplies from OfficeMax on account, $700. d. Collected cash from a customer on account, $2,200. e. Cash dividends of $1,100 were paid to stockholders. f. Consulted for a new band and billed the client for services rendered, $3,800. g. h. Recorded the following business expenses for the month: 1. Paid office rent, $1,400. 2. Paid advertising, $650

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