Missy Collins owns and operates a public relations firm called Top 40. The following amounts summarize...

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Missy Collins owns and operates a public relations firm called Top 40. The following amounts summarize her business on August 31, 2014: Total Assets $22,400 Assets Liabilities + Equity Cash + Accounts + Office + Land Receivable Supplies Accounts + Collis,- Collins, + Service - Rent - Advertising Payable Capital Withdrawals Revenue Expense Expense Bal. $2,100+ $2.000 + so +$10,000 $6,000 + $8, 100 During September 2014, the business completed the following transactions: a. Missy Collins contributed $10,000 cash in exchange for capital. b. Performed service for a client and received cash of $1,000. c. Paid off the beginning balance of accounts payable. d. Purchased office supplies from OfficeMax on account, $700. e. Collected cash from a customer on account, $500. f. Missy withdrew $1,900. g Consulted for a new band and billed the client for services rendered, S5,800. h. Recorded the following business expenses for the month: Paid office rent: $900. Paid advertising: $400. Analyze the effects of the transactions on the accounting equation of Top 40 using the format presented above. Missy Collins owns and operates a public relations firm called Top 40. The following amounts summarize her business on August 31, 2014: Total Assets $22,400 Assets Liabilities + Equity Cash + Accounts + Office + Land Receivable Supplies Accounts + Collis,- Collins, + Service - Rent - Advertising Payable Capital Withdrawals Revenue Expense Expense Bal. $2,100+ $2.000 + so +$10,000 $6,000 + $8, 100 During September 2014, the business completed the following transactions: a. Missy Collins contributed $10,000 cash in exchange for capital. b. Performed service for a client and received cash of $1,000. c. Paid off the beginning balance of accounts payable. d. Purchased office supplies from OfficeMax on account, $700. e. Collected cash from a customer on account, $500. f. Missy withdrew $1,900. g Consulted for a new band and billed the client for services rendered, S5,800. h. Recorded the following business expenses for the month: Paid office rent: $900. Paid advertising: $400. Analyze the effects of the transactions on the accounting equation of Top 40 using the format presented above.

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