Quick Media Services, and completed the following transactions during December:

Analyze the effects of the transactions on the accounting equation of Quick Media Services using a format similar to Exhibit F:1-5. Use the following accounts: Cash; Accounts Receivable; Supplies; Accounts Payable; Du, Capital; Du, Withdrawals; Service Revenue; Rent Expense; Utilities Expense; Wages Expense; and Advertising Expense.

Transcribed Image Text:

Dec. 1 Du contributed $21,000 cash in exchange for capital. 2 5 9 10 Received $3,500 cash from customers for services performed. Paid $200 cash for supplies. Performed services for a customer and billed the customer for services rendered, $2,000. Received $300 invoice for utilities due in two weeks. 15 Paid for advertising on social media, $325. 20 Paid utility invoice received on December 10. 25 28 28 30 31 Collected cash in full from customer billed on December 9. Paid rent for the month, $4,000. Paid $1,250 to assistant for wages. Received $1,800 cash from customers for services performed. Du withdrew cash of $5,000.