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Meg McKinney opened a public relations firm called Solid Gold on August 1, 2024

Accounting

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Meg McKinney opened a public relations firm called Solid Gold on August 1, 2024. The following amounts summarize her business on August 31, 2024: 
(Click the icon to view the amounts.) 
During September 2024, the business completed the following transactions: 0 (Click the icon to view the transactions.) 
Analyze the effects of the transactions on the accounting equation of Solid Gold. 
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; AIR = Accounts Receivable; Adv. = Advertising; Com. = Common; Contr. = Contributed; Div. = Dividends; Exp. = Expense; Liab = Liabilities; Rev. = Revenue; Sup. = Supplies.) 
Chapter Resources 
Dynamic Study Modules 
Communication To 
Accessible Resources 
a. 
Bal. 
ASSETS 
= LIAB. + EQUITY 
Cash + A/R + Office + Land Sup. 3,200 + 0 + 15,000 = 
1,900 + 
Contr. Capital + Retained Earnings 
= A/P + Com. - Div. Stock 5,000 + 11,900 -