Mary Mansion opened a public relations firm called Dance Fever on August The following amounts summarize her business on August :
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During September the business completed the following transactions:
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Analyze the effects of the transactions on the accounting equation of Dance Fever.
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 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 for any zero balances. Enter a decrease in an account with a minus sign or parentheses. Abbreviations used: APP Accounts Payable; AR Accounts Receivable; Adv. Advertising; Cap. Mansion, Capital; Exp. Expense; Liab Liabilities; Rev. Revenue; Sup. Supplis; Withdr. Mansion, Withdrawals.
tableCash,table OfficeSup Land, Cap.,table Withdr.table ServiceRevtable RentExptable Adv.ExpBalaBalbBalI,cBal