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Cash 2,300 + Accounts receivable 1,800 + Supplies 0 + Land 14,000 + Accounts payabl

Cash 2,300 + Accounts receivable 1,800 + Supplies 0 + Land 14,000 + Accounts payabl

Cash 2,300 + Accounts receivable 1,800 + Supplies 0 + Land 14,000 + Accounts payable 8,000 + Common stock 3,000 + Retained earnings 7,100…. During September
2012, the business completed the following transactions: a. Issued common stock and received cash of $13,000. b. Performed service for a client and received cash
of $900. c. Paid off the beginning balance of accounts payable. d. Purchased supplies from OfficeMax on account, $600. e. Collected cash from a customer on
account, $700. f. Received cash of $1,600 and issued common stock. g. Consulted for a new band and billed the client for services rendered, $5,500. h. Recorded the
following business expenses for the month: 1. Paid office rent, $1,200. 2. Paid advertising, $600. i. Returned supplies to OfficeMax for $110 from item d, which
was the cost of the supplies. j. Paid cash dividends of $2,000. — Requirement: 1. Analyze the effects of the preceding transactions on the accounting equation of
Dance Fever.

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