Record the Following Transactions into the Expanded Accounting Equation for the Mayoras

question 50

Essay

Record the following transactions into the expanded accounting equation for the Mayoras' Law Firm.Note that all titles have beginning balances.(You will need to determine the beginning capital balance.)
a.Provided legal services for cash,$1,200
b.Billed customers for services rendered,$2,400
c.Received and paid the monthly utility bill,$300
d.Collected $600 on account from customers
e.Paid supplies expense,$250
f.Withdrew $300 cash for personal use
$\begin{array}{c}\text { Mayoras' Law Firm }\\\begin{array} { | l | r | r | l | r | r | r | l | l | l | } \hline & & { \text { ASSETS } } & = & \text { LIAB. } & \begin{array} { c } \text { OWNER'S } \\\text { EQUITY }\end{array} & & & \\\hline & \text { Cash } + & \text { Accts.Rec. } & = & \begin{array} { c } \text { Accts } \\\text { Payable }\end{array} & \begin{array} { c } \text { Mayoras, } \\\text { Capital }\end{array} & + \text { +Rev. } & \text {-Exp } & \begin{array} { c } \text {-Mayoras } \\\text { Withdrawal }\end{array} \\\hline \text { beg. } & \$ 900 & \$ 100 & = & \$ 300 & \text { ?? } & & & \\\hline \text { a. } & & & & & & & & \\\hline \text { b. } & & & & & & & & \\\hline \text { c. } & & & & & & & & \\\hline \text { d. } & & & & & & & & \\\hline \text { e. } & & & & & & & & \\\hline \text { f. } & & & & & & & & \\\hline \text { T } & & & & & & & & \\\hline\end{array}\end{array}$

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Definitions:

SCN Cells

Specialized neurons located in the suprachiasmatic nucleus of the brain that regulate circadian rhythms.

Retinal Ganglion Cells

Retinal ganglion cells are neurons located in the retina that receive visual information from photoreceptors and send it to the brain via the optic nerve.

Melanopsin

A photopigment found in specialized photosensitive retinal ganglion cells, important for regulating circadian rhythms and pupil constriction in response to light.

Suprachiasmatic Nucleus

A tiny region in the brain's hypothalamus responsible for controlling circadian rhythms by regulating melatonin production, affecting sleep and wakefulness.