The following relates to a magazine company called My Style Mag (MSM). You will use your understanding of the relationships among (1) business activities, (2) accounting equation effects, (3) journal entries, and (4) T-accounts to complete a four-part table similar to the following. Prepare a separate table for each item (a)–(f) listed below.

Required:
For each item ( a )–( f ) listed below, use the information provided to prepare and complete a four-part table similar to that shown above. Items ( a )–( f ) are independent of one another.