Question: Could someone please show workings for each section,so I can see if what I did is correct? uing Problem Peyton Smith enjoys listening to all

 Could someone please show workings for each section,so I can see

if what I did is correct? uing Problem 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 cdassical

Could someone please show workings for each section,so I can see if what I did is correct?

uing Problem 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 cdassical to rap and the ablity 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, 2019, Peyton established a proprietorship known as PS Music. Using an extensive collection of music MP3 files, Peyton will serve as a disc jockey on a fee hasis for weddings, college parties, and other events. During June, Peyton entered into the following transactions June 1. Deposited $4,000 in a checking account in the name of PS Music Received $3,500 from a local radio station for serving as the guest disc jockey for June. 2. 2. Agreed to share oftfice space with a local real estate agency, Pinnacle Realty. PS Music will pay one-fourth of the rent. In addition, PS Music agreed to pay a por- tion of the wages of the receptionist and to pay one-fourth of the uilities. Paid $800 for the rent of the office. Purchased supplies from City Office Supply Co. for $350. Agreed to pay $100 within 10 days and the remainder by July 5, 2019. 4. 6. Paid $500 to a local radio station to advertise the services of PS Music twice daily for two weeks 8. Paid $675 to a local electronics store for renting digital recording equipment. 12. Paid $350 (music expense) to Cool Music for the use of its current music demos to make various music sets. 13. Paid City Office Supply Co. $100 on account. 16. Received $300 from a dentist for providing two music sets for the dentist to play for her patients $1,000 in July the local hospital 22. Served as disc jockey for a wedding party. The father of the bride agreed to pay 25. Received $500 for serving as the disc jockey for a cancer charity hall hosted by Paid $240 (music expense) to Galaxy Music for the use of its library of music demos 29. 30. Received $900 for serving as PS disc jockey for a local club's monthly dance 30. Paid Pinnacle Realty 5400 for PS Music's share of the receptionist's wages for June 30, Paid Pinnacle Realty $300 for PS Music's share of the utilities for June. 30. Deternined that the cost of supplies on hand is $170. Therefore, the cost of sup plies used during the month was $180, 30. Paid for miscellaneous expenses, $415. 30. Paid $1,000 royalties (music expense) to National Music Clearing for use of vani- ous artists' music during the month. 30. Withdrew $500 of cash from PS Music for personal use. Instructions 1. Indicate the effect of each transaction and the halances after each transaction, using the following tabular headings Owner's Equity Liabilities + Office Equipment Peyton Peyton Exp herpunts Stmith, Smuth Fees Music Ret Rent Advertising Wages UUlmes Supplies Mac Esp Exp uing Problem 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 cdassical to rap and the ablity 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, 2019, Peyton established a proprietorship known as PS Music. Using an extensive collection of music MP3 files, Peyton will serve as a disc jockey on a fee hasis for weddings, college parties, and other events. During June, Peyton entered into the following transactions June 1. Deposited $4,000 in a checking account in the name of PS Music Received $3,500 from a local radio station for serving as the guest disc jockey for June. 2. 2. Agreed to share oftfice space with a local real estate agency, Pinnacle Realty. PS Music will pay one-fourth of the rent. In addition, PS Music agreed to pay a por- tion of the wages of the receptionist and to pay one-fourth of the uilities. Paid $800 for the rent of the office. Purchased supplies from City Office Supply Co. for $350. Agreed to pay $100 within 10 days and the remainder by July 5, 2019. 4. 6. Paid $500 to a local radio station to advertise the services of PS Music twice daily for two weeks 8. Paid $675 to a local electronics store for renting digital recording equipment. 12. Paid $350 (music expense) to Cool Music for the use of its current music demos to make various music sets. 13. Paid City Office Supply Co. $100 on account. 16. Received $300 from a dentist for providing two music sets for the dentist to play for her patients $1,000 in July the local hospital 22. Served as disc jockey for a wedding party. The father of the bride agreed to pay 25. Received $500 for serving as the disc jockey for a cancer charity hall hosted by Paid $240 (music expense) to Galaxy Music for the use of its library of music demos 29. 30. Received $900 for serving as PS disc jockey for a local club's monthly dance 30. Paid Pinnacle Realty 5400 for PS Music's share of the receptionist's wages for June 30, Paid Pinnacle Realty $300 for PS Music's share of the utilities for June. 30. Deternined that the cost of supplies on hand is $170. Therefore, the cost of sup plies used during the month was $180, 30. Paid for miscellaneous expenses, $415. 30. Paid $1,000 royalties (music expense) to National Music Clearing for use of vani- ous artists' music during the month. 30. Withdrew $500 of cash from PS Music for personal use. Instructions 1. Indicate the effect of each transaction and the halances after each transaction, using the following tabular headings Owner's Equity Liabilities + Office Equipment Peyton Peyton Exp herpunts Stmith, Smuth Fees Music Ret Rent Advertising Wages UUlmes Supplies Mac Esp Exp

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