Connecticut, Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet:

Connecticut, Inc.

Comparative Balance Sheet

December $31,2025$ and $2024$

Cash

Accounts Receivable

Merchandise Inventory

Plant and Equipment

$\backslash$table$[[2025,2024,$Increase$/($Decrease$)],[$$$22,000,$$$21,000,$$$1,000$

Maryssa Macleod opened a public relations firm called Pop Chart on August $1,2024.$ The following amounts summarize her business on August $31,2024.$

$($Click the icon to view the amounts$)$

During September $2024,$ the business completed the following transactions

$($Click the icon to view the transactions$)$

Analyze the effects of the transactions on the accounting equation of Pop Chart. Div $=$ Dividends, Exp $=$ Expense, Liab $=$ Liabilities, Rev $=$ Revenue, Sup $=$ Supplies $)$

Data table

$\backslash$table$[[$Bal$.,$ASSETS,LIABILITIES,$+,$EQUITY$],[$Cash$,\{$

$\backslash$table$[[$Accounts$],[+,$ Receivable$]]\},\{$

$\backslash$table$[[$Office$],[+,$ Supplies$]]\},+$ Land,$=,\backslash$table$[[$Accounts$],[$Payable$]],,$Retained Earnings,$],[,,-$ Dividends,$\backslash$table$[[$Service$],[+,$ Revenue$]],\backslash$table$[[$Rent$],[-$ Expense$]],\backslash$table$[[$Advertising$],[$Expense$]]],[$$$2,000,+s,2,600,+$$$,0,+$$$,17,000,=$$$,4,000,+$$$,15,000,,+$$$2,600,,]]$

Time Remaining: $01$:$23$:$43$

Maryssa Macleod opened a public relations firm called Pop Chart on August $1,2024.$ The following amounts summarize her business on August $31,2024$

$($Click the icon to view the amounts.$)$

During September $2024,$ the business completed the following transactions:

$($Click the icon to view the transactions.$)$

Analyze the effects of the transactions on the accounting equation of Pop Chart Div. $=$ Dividends; Exp $=$ Expense, Liab $=$ Liabilities, Rev $=$ Revenue, Sup. $=$ Supplies $)$

More info

a Received contribution of $$14,000$ cash from Maryssa Macleod in exchange for common stock

b$.$ Performed service for a client and received cash of $$1,000.$

c$.$ Paid off the beginning balance of accounts payable.

d$.$ Purchased supplies from OfficeMax on account, $$500.$

e$.$ Collected cash from a customer on account, $$2,200.$

f$.$ Cash dividends of $$1,700$ were paid to stockholders

g$.$ Consulted for a new band and billed the client for services rendered, $$6,500.$

h$.$ Recorded the following business expenses for the month:

Paid office rent, $$1,600.$

Paid advertising, $$800.$