> Problems Group A Learning Objective 4 P-F:1-41A Using the accounting equation for transaction analysis Meg McKinney opened a public relations firm called Solid Gold on August 1, 2024. The following amounts summarize her business on August 31, 2024: Cash $13,600 ASSETS LIABILITIES + EQUITY Contributed Capital + Retained Earnings Accounts + Common - Dividends + Service Rent - Advertising Payable Stock Revenue Expense Expense $5,000 + $11,900 + $3,200 Cash + Accounts + Office + Land Receivable Supplies Bal. $1,900 + $3,200 $0 + $15,000 + During September 2024, the business completed the following transactions: a. Received contribution of $17,000 cash from Meg McKinney in exchange for common stock. b. Performed service for a client and received cash of $800. c. Paid off the beginning balance of accounts payable. d. Purchased office supplies from OfficeMax on account, $1,200. e. Collected cash from a customer on account, $2,000. f. Cash dividends of $1,600 were paid to stockholders. g. Consulted for a new band and billed the client for services rendered, $4,500. h. Recorded the following business expenses for the month: Paid office rent: $1,000. Paid advertising: $500. Analyze the effects of the transactions on the accounting equation of Solid Gold using the format presented in Exhibit F:1-6