Continuing Problem Chapter 1-Instruction #1 Peyton Smith enjoys listening to all types of music and owns countless CDs. Over the years, Peyton has gained a local reputation for knowledge of music from classical to rap and the ability to put together sets of recordings that appeal to all ages. During the last several months, Peyton served as a guest disc jockey on a local radio station. In addition, Peyton has entertained at several friends' parties as the host deejay. On June 1, 2014, Peyton established a corporation known as PS Music. Using an extensive collection of music MP3 files, Peyton will serve as a disc jockey on a fee basis for weddings, college parties, and other events. During June, Peyton entered into the following transactions: Required: Indicate the effect of each transaction and the balances after each transaction. Enter deductions and negative values (withdrawals and expenses) as negative numbers. For transactions occurring on the same date, enter in the order shown above.

Required:

Indicate the effect of each transaction and the balances after each transaction. Enter deductions and negative values (withdrawals and expenses) as negative numbers. For transactions occurring on the same date, enter in the order shown above