Meg McIntyre opened a public relations firm called Pop Chart on August 1, 2024. The following amounts summarize her business on August 31, 2024:

During September 2024, the business completed the following transactions:
a. Meg McIntyre contributed $14,000 cash in exchange for capital.
b. Performed service for a client and received cash of $1,600.
c. Paid off the beginning balance of accounts payable.
d. Purchased office supplies from OfficeMax on account, $1,200.
e. Collected cash from a customer on account, $2,300.
f. McIntyre withdrew $1,500.
g. Consulted for a new band and billed the client for services rendered, $4,000.
h. Recorded the following business expenses for the month:
Paid office rent: $900.
Paid advertising: $450.
Analyze the effects of the transactions on the accounting equation of Pop Chart using the format presented above.

Transcribed Image Text:

ASSETS Cash + Accounts + Office + Land Receivable Supplies Bal. $2,600+ $2,500 + $0 +$16,000 LIABILITIES + EQUITY Accounts + McIntyre, - McIntyre, +Service Rent - Advertising Payable Capital Withdrawals Revenue Expense Expense + $2,500 $5,000 + $13,600