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Christian Turner started new business, Turner Gymnastics, and completed the following transactions during December: (Click the icon to view the transactions.) Analyze the effects of the transactions on the accounting equation of Turner Gymnastics + + Analyze the events chronologically, one transaction at a time. Beginning with the transaction on the 2nd, calculate the balance in each account after analyzing the effect of the transaction on the accounting equation. Enter each transaction from the 28th on separate lines and in the same order as presented in the problem statement. (Complete only the necessary answer boxes for your transaction lines. [Do not enter any zeros for your transaction lines.] Carry down all balances to the "Bal" line, including zero balance accounts, entering a "0" for any zero balances. Enter a decrease in an account with a minus sign or parentheses. Abbreviations used: A/P = Accounts Payable; A/R = Accounts Receivable; Adv. = Advertising; Cap. = Turner, Capital; Exp. = Expense; Liab. = Liabilities; Off. Sup. = Office Supplies Sal. = Salaries; Serv. Rev. = Service Revenue; Util. = Utility; Withdr. = Turner, Withdrawals.) x ASSETS LIAB. EQUITY More info Cash AIR + Off. A/P . - Withdr + Serv. Rent - Util. Sal. Adv. Sup Rev. Exp Exp. Exp. Exp. 12/1 Dec. 1 Christian contributed $22,000 cash in exchange for capital. 2 Received $2,800 cash from customers for services performed. 5 Paid $200 cash for office supplies. 9 Performed services for a customer and billed the customer for services rendered, $2,000. 10 Received $700 invoice for utilities due in two weeks. 15 Paid for advertising in the local paper, $350. 20 Paid utility invoice received on Dec. 10. 25 Collected cash in full from customer billed on Dec. 9. 28 Paid rent for the month, $1,200 28 Paid $1,350 to assistant for wages. 30 Received $1,600 cash from customers for services performed. 31 Christian withdrew $4,000

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