16% ... chatr 12:53 PM f Class Activity E-1-24E-1-25.docx Class Activity 3 Before you attempt this practice watch the videos first. You may use the excel template provided or write it in your notebook. Exercise 1-24 Effects of transactions on the accounting equation L06,7 CHECK FIGURE: Natalie Gold, Capital, July 31, 2017 = $11,550 Natalie Gold is the owner of the marketing agency Vivid Voice. The company focuses on online consulting services, such as online marketing campaigns and blog services. The June transactions for Vivid Voice resulted in totals at June 30, 2017, as shown in the following accounting equation format: . During July, the following occurred: a. Collected $800 from a credit customer. b. Paid $2,500 for equipment purchased on account in June. c. Did work for a client and collected cash: $1,100. d. Paid a part-time consultant's wages; $950. e. Paid the July rent: $1,200. f. Paid the July utilities; $600. g. Performed services for a customer on credit: $1,600. h. Called an information technology consultant to fix the agency's photo editing software in August; it will cost $350. Using the format provided above, show the effects of the activities listed in (a) through (h). For each transaction that affects equity, include a brief description beside it (owner investment, owner withdrawal anal ... chatr 12:53 PM 16% f Class Activity E-1-24E-1-25.docx TUI VIVIU voice resulteu II OIS arvune su, ZUIT, as shown in the following accounting equation format: During July, the following occurred: a Collected $800 from a credit customer. b. Paid $2,500 for equipment purchased on account in June. c. Did work for a client and collected cash: $1,100. d. Paid a part-time consultant's wages: $950. e. Paid the July rent; $1,200. f. Paid the July utilities: $600. g. Performed services for a customer on credit; $1,600. h. Called an information technology consultant to fix the agency's photo editing software in August; it will cost $350. Using the format provided above, show the effects of the activities listed in (a) through (h). For each transaction that affects equity, include a brief description beside it (owner investment, owner withdrawal, revenue, expense). Exercise 1-25Financial statements L08 CHECK FIGURES: Loss = $50; Total assets = $13,050 Using your answer from Exercise 1-23, prepare an income statement, a statement of changes in equity, and a balance sheet for July 2017 16% ... chatr 12:53 PM f Class Activity E-1-24E-1-25.docx Class Activity 3 Before you attempt this practice watch the videos first. You may use the excel template provided or write it in your notebook. Exercise 1-24 Effects of transactions on the accounting equation L06,7 CHECK FIGURE: Natalie Gold, Capital, July 31, 2017 = $11,550 Natalie Gold is the owner of the marketing agency Vivid Voice. The company focuses on online consulting services, such as online marketing campaigns and blog services. The June transactions for Vivid Voice resulted in totals at June 30, 2017, as shown in the following accounting equation format: . During July, the following occurred: a. Collected $800 from a credit customer. b. Paid $2,500 for equipment purchased on account in June. c. Did work for a client and collected cash: $1,100. d. Paid a part-time consultant's wages; $950. e. Paid the July rent: $1,200. f. Paid the July utilities; $600. g. Performed services for a customer on credit: $1,600. h. Called an information technology consultant to fix the agency's photo editing software in August; it will cost $350. Using the format provided above, show the effects of the activities listed in (a) through (h). For each transaction that affects equity, include a brief description beside it (owner investment, owner withdrawal anal ... chatr 12:53 PM 16% f Class Activity E-1-24E-1-25.docx TUI VIVIU voice resulteu II OIS arvune su, ZUIT, as shown in the following accounting equation format: During July, the following occurred: a Collected $800 from a credit customer. b. Paid $2,500 for equipment purchased on account in June. c. Did work for a client and collected cash: $1,100. d. Paid a part-time consultant's wages: $950. e. Paid the July rent; $1,200. f. Paid the July utilities: $600. g. Performed services for a customer on credit; $1,600. h. Called an information technology consultant to fix the agency's photo editing software in August; it will cost $350. Using the format provided above, show the effects of the activities listed in (a) through (h). For each transaction that affects equity, include a brief description beside it (owner investment, owner withdrawal, revenue, expense). Exercise 1-25Financial statements L08 CHECK FIGURES: Loss = $50; Total assets = $13,050 Using your answer from Exercise 1-23, prepare an income statement, a statement of changes in equity, and a balance sheet for July 2017