P1-43B Missy Crone owns and operates a public relations firm called Top 40

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P1-43B Using the accounting equation for transaction analysis [60–75 min]Missy Crone owns and operates a public relations firm called Top 40, Inc. The following
amounts summarize her business on August 31, 2012:

Requirement1. Analyze the effects of the preceding transactions on the accounting equation of
Top 40. Adapt the format to that of Exhibit 1-6.