20 . . . AA files-cdn.schoology.com F C Lab 3 Record transactions and create financial Statements. Exercise 1-20Effects of transactions on the accounting equation LOG,7 Xcel HECK FIGURE: Mailin Moon, Capital = $13,650 ailin Moon is a freelance writer who submits articles to various magazines and newspapers. She perates out of a small office where she employs one administrative assistant. The following activities ccurred during March 2017, her first month of business: a. Moon invested $2,500 worth of equipment into her business along with $3,000 cash. b. Submitted a series of articles to The Globe and Mail and received $6,500 cash. C. Purchased supplies on credit; $600. d. Paid the part-time administrative assistant's salary of $1,450. Page 58 e. Moon ordered $3,000 of office equipment from the IKEA catalogue. It is scheduled to arrive in April or May. f. Paid the rent for the first month; $1,400. g. Submitted an article to Report on Business; will receive $4,500 next month. Using the format provided below, show the effects of the activities listed in (a) through (g). For each transaction that affects equity, include a brief description beside it (owner investment, owner withdrawal, revenue, rent expense, and salaries expense) Assets Liabilities Equity Accounts Accounts Mallin Moon, Explanation of Equity Cash + Receivable + Supplies + Equipment Payable + Capital Transaction