hi Meg McKinney opened a pubic relations firm called Solid Gold on August 1, 2024 The following amounts summarize her business on August 31, 2024 (Click the icon to view the amounts) Bal The beginning balances given in the question have been entered for you Analyze the events chronologically, one transaction at a time. Beginning with transaction a, calculate the balance in each account after analyzing the effect of the transaction on the accounting equation (Complete only the necessary answer boxes for your transaction lines. [Do not enter any zeros for your transaction lines ] Carry down all balances to the "Bal" line, including zero balance accounts, entering a "0" for any zero balances Enter a decrease in an account with a minus sign or parentheses Abbreviations used A/P Accounts Payable, A/R = Accounts Receivable, Adv Advertising, Com Common, Contr= Contributed, Div Dividends, Exp Expense, Liab = Liabilities, Rov- Revenue, Sup. = Supplies) = EQUITY a Bal ASSETS Cash + AR + Office Land Sup 1,900 - 3,200 + 01 15.000 = LIAB. A/P 5.000 + Contr. Capital + + Com Stock 11,900 - Div 0 + Service Rev + Retained Earnings Rent Exp. + 3,200 - 0 E - Adv Exp GALER 0 During September 2024, the business completed the following transactions i (Click the icon to view the transactions) Analyze the effects of the transactions on the accounting equation of Solid Gold More info a b C d e f 9 h Received contribution of $17,000 cash from Meg McKinney in exchange for common stock. Performed service for a client and received cash of $800 Paid off the beginning balance of accounts payable Purchased supplies from OfficeMax on account, $1,200 Collected cash from a customer on account, $2,000 Cash dividends of $1,600 were paid to stockholders Consulted for a new band and billed the client for services rendered $4,500 Recorded the following business expenses for the month 1. Paid office rent, $1,000 2. Paid advertising, $500 Print Done - X

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