out Meg McKinney opened a public relations firm called Solid Gold on August 1, 2016. The following summarize her business on August 31, 2018 (Click the icon to view the amounts During September 2018, the business completed the following transactions Click the icon to view the transactions) Analyze the effects of the transactions on the accounting equation of Solid Gold ason (Complete only the necessary Analyze the events chronologically one transaction at a time. Beginning with transaction a, calculate the balance in each counter analyzing the effect of the transaction on the accounting answer boxes for your transaction Ines. Do not enter any zeros for your transaction lines) Curry down al balances to the "Balline, include account with a minus sign or parentheses Abbreviations used: AP Accounts Payable, AR Accounts Receivable Adv Advertising: Cod More info Withdr. McKinney. Withdrawals) -X ASSETS LIAB AJP - + EQUITY Service Cap Wide Rent Cash a. b. Exp d. Mag Manney contributed 517 000 cash in exchange for capital Performed service for a client and received cash of $800 Paid off the beginning balance of accounts payable Purchased office supplies from Office Maxon account 51200 Collected cash from a customer on account 2000 McKinney with $1.600 Consulted for a new band and willed the client for services rendered $4,500 Recorded the following business expenses for the month 1 Paideret 51 000 2.Pald advertising 5500 Cash + ASSETS Accounts Office Receivable Supplies $3,200 + 50 Land - LIABILITIES Accounts Payable $5,000 . McKinney. Capital + $11. 900 Bal: $1,900 McKinney Withdrawals EQUITY + Service Revenue 3.200 - Rent Expense + 515,000 Advertising Expense - 5