During the last several mondhs Peyton served as a guest duc

During the last several mondhs, Peyton served as a guest duc jockey on a local radio station. In addicion, Peyton as entertained at several friends\' parties as the host deejay ge pries, admeevert. OnAre L 2013. Peyton establab ed a proprvtortp known as PS Mme Urg am extensive colection of musc MP3 Sles, Peyton serve as adsc pokey on a June. Peyton entered into the following transactions basisfor weddny, o une I. Deposihed $4,000 in a dhecking account in the rame of PS Music 2 Received $3,500 from a lecal radio station for serving as the guest disc jockey for June 2.Agned to share ofice space wit a local real estate agency, Perede Realty, PSMasic pay one- lurth of ret.hadde on, PS Masc agreed to pay a porton of the wagesofthe receptorist and to pay one-fourth of the ublities Paid $800 for the rent of the office Purchased supplies from City Office Supply Co.for $350. Agreed to pay $100 within 10 days and the remainder by July 5, 2019 Paid $500 to a local radio station to advertise the services of PS Music tarice daily for two weeks Pad $675 to a local elemona sur for rwtrg dgtal reordng eopmee 12.pwd $3.50 (VSK expense) to Coel auc for th, uue of its current musc demos to make vanous 16. Received $300 from a derise for providing two music sets for the dentise to play for her patients 22. Served as diuc jodkey for a wedding party. The Eather of the bride agreed eo pay $1,000 in July 25. Received $500 for serving as the dsc jockey for a cancer charity ball hosted by the local hospital. 25. Paid $240 (music expense) to Galacy Music for the use of ts library of music demos 0. Received $300 for serving as PS disc jockey for a local dub\'s manchly dance 30. Paid Pinnacle Realty $400 for PS Music\'s share of the receptionist\'s wages for June 30. Paid Pinnacle Realty $300 for PS Music\'s share of the utilities for June 30. Detemned thar the cost of supples on hand-$170. Therefore, the of spples used dmg tha manch was $180 2 more Check My Work uses emaining

Solution

Assets = Liabilities + Owner\'s Equity Cash + Accounts Receivables + Supplies Accounts Payable + Peyton Smith Capital - Peyton Smith Drawings + Fees Earned - Music Exp. - Office Rent exp.- Equip. rent exp. - Advt. Exp.- Wage Exp. - Utilities exp.- Supplies Exp. 1-Jun-18 4000 4000 2-Jun-18 3500 3500 Bal 7500 4000 3500 2-Jun-18 -800 800 Bal 6700 4000 3500 -800 4-Jun-18 350 350 Bal 6700 350 350 4000 3500 -800 6-Jun-18 -500 500 Bal 6200 350 350 4000 3500 -800 -500 8-Jun-18 -675 675 Bal 5525 350 350 4000 3500 -800 -675 -500 12-Jun-18 -350 350 Bal 5175 350 350 4000 3500 -350 -800 -675 -500 13-Jun-18 -100 -100 Bal 5075 350 250 4000 3500 -350 -800 -675 -500 16-Jun-18 300 300 Bal. 5375 350 250 4000 3800 -350 -800 -675 -500 22-Jun 1000 1000 Bal. 5375 1000 350 250 4000 4800 -350 -800 -675 -500 25-Jun 500 500 Bal. 5875 1000 350 250 4000 5300 -350 -800 -675 -500 6/29/2018 -240 240 Bal. 5635 1000 350 250 4000 5300 -590 -800 -675 -500 6/30/2018 900 900 -400 400 -300 300 -180 180 BALANCE 5835 1000 170 250 4000 6200 -590 -800 -675 -500 -400 -300 -180 7005 7005