Exercise 1-21 Effects of transactions on the accounting equation LO6, 7 Malin Moon is a freelance writer who submits articles to various magazines and newspapers. She operates out of a small office where she employs one administrative assistant. The following activities occurred during March 2023, her first month of business a. Moon invested $2,800 worth of equipment into her business along with $3,300 cash b. Submitted a series of articles to The Globe and Mall and recelved $6,800 cash. c. Purchased supplies on credit: $750. d. Paid the part-time administrative assistant's salary of $1,480 e. Moon ordered $3,300 of office equipment from the IKEA catalogue, It is scheduled to arrive in April or May. f. Paid the rent for the first month; $1,700. g. Submitted an article to Report on Business, will recelve $4,800 next month Show the effects of the activities listed in (o) through (g). For each transaction that affects equity, select the appropriate description beside it (owner investment, owner withdrawal, revenue, rent expense, and salaries expense). (Enter all amounts as positive values. If the transaction/event does not affect equity or does not require a journal entry, select "No Affect on Equity" in the 'Explanation of equity transaction' field.).

1. Exercise 1-21 Effects of transactions on the accounting equation LO6, 7 Malin Moon is a
freelance writer who submits articles to various magazines and newspapers. She operates out of a
small office where she employs one administrative assistant. The following activities occurred
during March 2023, her first month of business a. Moon invested $2,800 worth of equipment into
her business along with $3,300 cash b. Submitted a series of articles to The Globe and Mall and
recelved $6,800 cash. c. Purchased supplies on credit: $750. d. Paid the part-time administrative
assistant's salary of $1,480 e. Moon ordered $3,300 of office equipment from the IKEA
catalogue, It is scheduled to arrive in April or May. f. Paid the rent for the first month; $1,700. g.
Submitted an article to Report on Business, will recelve $4,800 next month Show the effects of
the activities listed in (o) through (g). For each transaction that affects equity, select the
appropriate description beside it (owner investment, owner withdrawal, revenue, rent expense,
and salaries expense). (Enter all amounts as positive values. If the transaction/event does not
affect equity or does not require a journal entry, select "No Affect on Equity" in the 'Explanation
of equity transaction' field.)