please show steps ge of usic from Coatinuling Problem Otapte

please show steps

ge of usic from Coatinuling Problem Otapter 1-Instruction #1 Peyton Smith enjoys listening to all types of music and owns countless CDs. Over the dassical to rap and the ability to put together sets of recordings that appeal to all ages During the last several months, Peyton served as a guest disc jockey on a iocal radio station. In addnion, the hast deejay On June 1, 2019, Peytan estabished a proprietorship known as PS Musie using an esterise folwing transactians verrs, Peyton has uoined a lucal reputation tor disc jockey n will serve as collection of music M d into the fol on a fee basis for weddings, college parties, and cther events. During June, Peyton enter Deposited 4,000 in « thecking account in the nme of PS Muse. 2. Received $3,500 fromlocal radio station fer serving is thr guest d st jockey for lun 2. Agreed to share affice space with n locai rest estate Rab aqancy, Pinnacie Rasty. P5 Musit will pay one-tourth of the rent. In addition, PS Music agreed to and to pay cne-fourth of the utliries. Paid $800 for the rent of the office. of the ut 10 days and the remainder by July 5, 2015. pay a partion of the wages of the receptonist ed supplies fran, City omoe Supply Co. for 350. Apr ed to pay $100 with 2. Paid $350 (music expense) to Ceal Music for the uss of its current muse demos to make verious musc sets 13, Paid City Office Supply Ca. 100 on account. 6. Pald $500 to a local radio station to advertise the s radio station to advertise the sevices of PS Musc twce deily for two weeks 8. Pald $675 to e local elsctranics store for renting digtal recording equerr from a dentist for providing two music sets fur the dentist to play far her patients perty. The father af the bride sgreed to pay $1,000 in Juty 22. Served as disc jockey for a wedding 25. Receli 29·Paid $240 (music expense) to Galaxy Misic ror the use of its library of music demos 30. Received 5900 for serving es P5 disc jockey for a lccal club\'s menthly dance 30. Paid Pinnecle Realty $400 for PS Music\'s share of the receptionist\'s wages for June 30. Paid Pinnacle Reality $300 for PS Musie\'s share of the utiities for June, 30. Determinsed that the cost of supplias on hand is $170. Theretore, the cost of supplies used during the munth was $180. 30. Paid for miscellaneous expenses, $415 30. Paid $1,000 royaities (music expense) to National Music Clearing for use of various artists\' music during the month 30. Withdrew $500 of cesh from PS Music for personal use ved $500 for serving as the disc jeckey tor a cancer chanty bai hasted by the local haspital Indicate the effect of esch transaction and the belences after each transaction. Enter deductions and negative values (withdrawals and expenses) as negati numbers. for transactons eccurring on the same date, enter in the order shown above Required: owner\'s Equity Llabilities + Office Equip Peyton Peyton Accounts Smith, Smith,Fees Musin Rent Ront

Solution

Assets = Laibilities + Stock holders\' Equity Cash + Accounts receivable + Supplies = Accounts payable + Capital stock - Dividends + Fees earned - Music expenses - Office rent expense - Equipment rent expense - Advertising expense - Wages expense - Utilies expense - Supplies expense - Miscellaneous expense 1-Jun $    4,000 $      4,000 Balance $    4,000 $             -   $            -   $            -   $      4,000 $            -   $             -   $            -   $            -   $            -   $            -   $            -   $            -   $            -   $            -   2-Jun $    3,500 $      3,500 2-Jun $     (800) $      (800) Balance $    6,700 $             -   $            -   $            -   $      4,000 $            -   $      3,500 $            -   $      (800) $            -   $            -   $            -   $            -   $            -   $            -   4-Jun $         350 $         350 Balance $    6,700 $             -   $         350 $         350 $      4,000 $            -   $      3,500 $            -   $      (800) $            -   $            -   $            -   $            -   $            -   $            -   6-Jun $     (500) $      (500) Balance $    6,200 $             -   $         350 $         350 $      4,000 $            -   $      3,500 $            -   $      (800) $            -   $      (500) $            -   $            -   $            -   $            -   8-Jun $     (675) $      (675) Balance $    5,525 $             -   $         350 $         350 $      4,000 $            -   $      3,500 $            -   $      (800) $      (675) $      (500) $            -   $            -   $            -   $            -   12-Jun $     (350) $       (350) Balance $    5,175 $             -   $         350 $         350 $      4,000 $            -   $      3,500 $       (350) $      (800) $      (675) $      (500) $            -   $            -   $            -   $            -   13-Jun $     (100) $      (100) Balance $    5,075 $             -   $         350 $         250 $      4,000 $            -   $      3,500 $       (350) $      (800) $      (675) $      (500) $            -   $            -   $            -   $            -   16-Jun $        300 $          300 Balance $    5,375 $             -   $         350 $         250 $      4,000 $            -   $      3,800 $       (350) $      (800) $      (675) $      (500) $            -   $            -   $            -   $            -   22-Jun $      1,000 $      1,000 Balance $    5,375 $      1,000 $         350 $         250 $      4,000 $            -   $      4,800 $       (350) $      (800) $      (675) $      (500) $            -   $            -   $            -   $            -   25-Jun $        500 $          500 Balance $    5,875 $      1,000 $         350 $         250 $      4,000 $            -   $      5,300 $       (350) $      (800) $      (675) $      (500) $            -   $            -   $            -   $            -   29-Jun $     (240) $       (240) Balance $    5,635 $      1,000 $         350 $         250 $      4,000 $            -   $      5,300 $       (590) $      (800) $      (675) $      (500) $            -   $            -   $            -   $            -   30-Jun $        900 $          900 Balance $    6,535 $      1,000 $         350 $         250 $      4,000 $            -   $      6,200 $       (590) $      (800) $      (675) $      (500) $            -   $            -   $            -   $            -   30-Jun $     (400) $      (400) Balance $    6,135 $      1,000 $         350 $         250 $      4,000 $            -   $      6,200 $       (590) $      (800) $      (675) $      (500) $      (400) $            -   $            -   $            -   30-Jun $     (300) $      (300) Balance $    5,835 $      1,000 $         350 $         250 $      4,000 $            -   $      6,200 $       (590) $      (800) $      (675) $      (500) $      (400) $      (300) $            -   $            -   30-Jun $      (180) $      (180) Balance $    5,835 $      1,000 $         170 $         250 $      4,000 $            -   $      6,200 $       (590) $      (800) $      (675) $      (500) $      (400) $      (300) $      (180) $            -   30-Jun $     (415) $      (415) Balance $    5,420 $      1,000 $         170 $         250 $      4,000 $            -   $      6,200 $       (590) $      (800) $      (675) $      (500) $      (400) $      (300) $      (180) $      (415) 30-Jun $ (1,000) $   (1,000) Balance $    4,420 $      1,000 $         170 $         250 $      4,000 $            -   $      6,200 $   (1,590) $      (800) $      (675) $      (500) $      (400) $      (300) $      (180) $      (415) 30-Jun $     (500) $      (500) Balance $    3,920 $      1,000 $         170 $         250 $      4,000 $      (500) $      6,200 $   (1,590) $      (800) $      (675) $      (500) $      (400) $      (300) $      (180) $      (415)