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Part $1$

Brantley Shumaker opened a public relations firm called Gold Star Services on August$1,2025.$ The following amounts summarize the business on August$31,2025$:

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During September $2025,$ the business completed the following$$ transactions:

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Analyze the effects of the transactions on the accounting equation of Gold Star Services.

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Part $1$

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 input fields 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; Contr.$=$ Contributed; Liab$=$ Liabilities.$)$

ASSETS

$=$

Liabilities

LIAB.

$+$

EQUITY

Contributed capital

Contr. Capital

$+$

Retained Earnings

Cash

$+$

Accounts Receivable

A$/$R

$+$

Supplies

$+$

Land

$=$

Accounts Payable

A$/$P

$+$

Common Stock

$$

Dividends

$+$

Service Revenue

$$

Rent Expense

$$

Advertising Expense

Adv. Expense

Balance

Asset, cash, beginning balance

$2,300$

$+$

Asset, accounts receivable, beginning balance

$3,000$

$+$

Asset, supplies, beginning balance

$0$

$+$

Asset, land, beginning balance

$14,000$

$=$

Liability, accounts payable, beginning balance

$8,000$

$+$

Equity, contributed capital, common stock beginning balance

$8,300$

$$

Equity, retained earnings, dividends beginning balance

$0$

$+$

Equity, retained earnings, service revenue beginning balance

$3,000$

$$

Equity, retained earnings, rent expense beginning balance

$0$

$$

Equity, retained earnings, advertising expense beginning balance

$0$

a$.$

Transaction a$.$ Asset, cash number input

$2300$

$+$

Transaction a$.$ Asset, accounts receivable number input

$+$

Transaction a$.$ Asset, supplies number input

$+$

Transaction a$.$ Asset, land number input

$=$

Transaction a$.$ Liabilities, accounts payable number input

$+$

Transaction a$.$ Equity, contributed capital, common stock number input

$$

Transaction a$.$ Equity, Retained Earnings, Dividends number input

$+$

Transaction a$.$ Equity, Retained Earnings, Service Revenue number input

$$

Transaction a$.$ Equity, Retained Earnings, Rent expense number input

$$

Transaction a$.$ Equity, Retained Earnings, Advertising expense number input

Balance

Balance after transaction a$.$ Asset, cash number input

$+$

Balance after transaction a$.$ Asset, accounts receivable number input

$3,000$

$+$

Balance after transaction a$.$ Asset, supplies number input

$+$

Balance after transaction a$.$ Asset, land number input

$14,000$

$=$

Balance after transaction a$.$ Liabilities, accounts payable number input

$+$

Balance after transaction a$.$ equity, contributed capital, common stock number input

$$

Balance after transaction a$.$ Equity, Retained Earnings, Dividends number input

$+$

Balance after transaction a$.$ Equity, Retained Earnings, Service Revenue number input

$$

Balance after transaction a$.$ Equity, Retained Earnings, Rent Expense number input

$$

Balance after transaction a$.$ Equity, Retained Earnings, Advertising expense number input