Tx P1-40A (similar to) Question Help Marilyn Crane 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: (Click the icon to view the transactions.) Analyze the effects of the transactions on the accounting equation of Top 40 + Rev. b 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. = Crane, Capital; Exp. = Expense; Liab = Liabilities; Rev. = Revenue; Sup. = Supplies: Withdr. = Crane, Withdrawals.) More Info ASSETS LIAB. EQUITY Cash AIR + Office Land A/P . . Withdr + Service - Rent Adv. Sup. Exp. Exp a. Marilyn Crane contributed $10,000 cash in exchange for capital. Bal 1,900 2.800 0 17,000 = 5,000 13.900 0 2.800 0 0 Performed service for a client and received cash of $1,200. a 10,000 10.000 Paid off the beginning balance of accounts payable. Bal. 11,900 2.800 0 17,000 = 5,000 23,900 0 2,800 Purchased office supplies from Office Max on account, $200. 0 0 Collected cash from a customer on account, $1,800. b. Marilyn withdrew $1,400 Bal. g. Consulted for a new band and billed the client for services rendered, $6,000. h. Recorded the following business expenses for the month: Enter any number in the edit fields and then click Check Answer. 1. Paid office rent: $1,100 2. Paid advertising: 5400. parts Clear All remaining C. d. e. f. Print Done e TR 18:44 21.11.2020