Question

What should the accounting equation look like after all these txns are recorded? It says the cash balance should be 12,650 but im not getting that.

> Problems Group B Learning Objective 4 P1-47B Using the accounting equation for transaction analysis Meg McIntyre opened a public relations firm called Pop Chart on August 1, 2018. The Cash $12,650 following amounts summarize her business on August 31, 2018: ASSETS LIABILITIES + EQUITY Cash + Accounts + Office + Land Accounts + McIntyre, - Mcintyre, Service - Rent - Advertising Receivable Supplies Payable Capital Withdrawals Revenue Expense Expense Bal. $2,600 + $2,500 + $0 $16,000 $5,000 + $13,600 + $2,500

Answer 1

	Assets							=	Liabilities	+	Equity
	Cash	+	Accounts receivable	+	Office supplies	+	Land	=	Accounts payable	+	McIntyre capital	-	McIntyre withdrawals	+	service revenue	-	Rent expense	-	Advertising expense
Bal	2600		2500		0		16000		5000		13600				2500
a	14000										14000
b	1600														1600
c	-5000								-5000
d					1200				1200
e	2300		-2300
f	-1500												1500
g			4000												4000
h	-900																900
h-2	-450																		450
Total	12650	+	4200	+	1200	+	16000	=	1200	+	27600	-	1500	+	8100	-	900	-	450