Question

Martha Maguire opened a public relations form called Top 40 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 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 ines. Do not enter any zeros for your transaction fines Carry down all balances to the Baline, including zero balance accounts, entering av for any zero balances. Enter a decrease in an account with a minus sign or parentheses Abbreviations used. NP = Accounts Payable, AR = Accounts Receivable Adv. - Advertising Com - Common Contr. Contributed: Div. - Dividends. Exp. - Expense: Liab Liabilities. Rex - Revenue: Sup. Supplies) ASSETS LIAB EQUITY Contr. Capital Retained Earnings AR Office Land AP Com + Service Pent Adv Sup Stock Rev Exp Bal 2,100+ 2.600 + 0. 18,000 - 6,000+ 14,100 2.600 0 0 7 . + - EX Enter any number in the edit fields and then click Check Answer

Answer 1

Dividends Assets Transaction + Accounts + Office + Land Cash Receivables Supplies 2100 2600 0 14000 Contributed Liabilities + Capital Accounts + Common Payable Stock 6000 14100 14000 Retained Earnings Service - Rent Revenue Expense 2600 Advertisin Expense 18000 2600 0 18000 6000 28100 0 2600 0 0 Balance a Balance b Balance с Balance d Balance 16100 1300 17400 -6000 11400 1300 3900 2600 0 18000 28100 0 0 0 6000 -6000 2600 0 18000 0 28100 01 3900 0 0 1300 1300 1300 11400 1300 18000 28100 01 3900 0 0 2600 - 1900 e 1900 700 1300 18000 1300 28100 0 3900 0 0 13300 -1800 1800 11500 700 1300 18000 1300 28100 1800 3900 0 0 Balance f Balance g Balance h Balance 5000 5000 8900 5700 1300 18000 1300 28100 1800 0 0 11500 -1450 10050 1100 350 350 5700 1300 18000 1300 28100 1800 8900 1100

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