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.

Transcribed Image Text:

(1) (Description of the business activity.) (2) Assets Liabilities Stockholders' Equity (3) Account Names Debit Credit (4) +