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Marian Marone opened a public relations firm called Shining Stars on August 1, 2016. The following amounts summarize her business During September 2016, the business completed the following transactions: on August 31, 2016: (Click the icon to view the transactions.) 2 (Click the icon to view the amounts.) Analyze the effects of the transactions on the accounting equation of Shining Stars. ... 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; Cap. = Marone, Capital; Exp. = Expense; Liab = Liabilities; Rev. = Revenue; Sup. = Supplies; Withdr. = Marone, Withdrawals.) ASSETS LIAB + EQUITY More info Cash + + AIR + Land A/P + . - Withdr. + Service Rent - Adv. + Office Sup. Rev. Exp. Exp. Bal. 2,100 2,500 0 14.000 = 4,000 12,100 0 2,500 0 0 a. b. a. + + + + + c. Bal. . + + + + d. e. f f. Marian Marone contributed $16,000 cash in exchange for capital. Performed service for a client and received cash of $1,400 Paid off the beginning balance of accounts payable. Purchased office supplies from Office Max on account, $300. Collected cash from a customer on account, $2,100. Marian withdrew $1,400. Consulted for a new band and billed the client for services rendered, $3,500 $ Recorded the following business expenses for the month: 1. Paid office rent: $1,200. 2. Paid advertising: $300. Data table g. h. ASSETS LIABILITIES EQUITY Cash + Accounts + Office + + Land + Service Rent Accounts Payable $4,000 Marone, Withdrawals + Marone, Capital + $12,100 Advertising Expense Receivable $2,500 Supplies SO Expense Revenue $2,500 Bal. $2,100 + + + $14,000

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