ACC 201, Sec 009, Spring 2019, Miller (1) Homework: Graded MAL HW #1 [Ch. 1] Spring Save 2019 Score: 0 of 18 pts P1-41A (similar to) Cosmo Turnbull started a new business, Turnbull Gymnastics, and completed the following transactions during December: 5 of 14 (2 complete) HW Score: 1 .68%, 3 of 179 pts Question Help (Click the icon to view the transactions.) Analyze the effects of the transactions on the accounting equation of Turnbull Gymnastics Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 1st. For each transaction that follows the transaction on the 1st, calculate the balance in each account after analyzing its effect on the accounting equation. (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: Com. Common; Contr. Contributed; Div. Dividends; Exp. Expense; Liab. Liabilities; Off. Sup. -Office Supplies; Sal. Salaries; Serv. Rev. Service Revenue; Util. - Utility.) Assets Liab. + Equity Contr. Capital Com.Div. Serv. RentUtil. Sal.Adv Retained Earnings SUD Ap Sup. Cash + AR Off. A/P Stock Rev. Exp Exp. Exp. Exp. 12/1 Enter any number in the edit fields and then click Check Answer 44 parts ACC 201, Sec 009, Spring 2019, Miller (1) Homework: Graded MAL HW #1 [Ch. 1] Spring Save 2019 Score: 0 of 18 pts P1-41A (similar to) Cosmo Turnbull started a new business, Turnbull Gymnastics, and completed the following transactions during December: 5 of 14 (2 complete) HW Score: 1 .68%, 3 of 179 pts Question Help (Click the icon to view the transactions.) Analyze the effects of the transactions on the accounting equation of Turnbull Gymnastics Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 1st. For each transaction that follows the transaction on the 1st, calculate the balance in each account after analyzing its effect on the accounting equation. (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: Com. Common; Contr. Contributed; Div. Dividends; Exp. Expense; Liab. Liabilities; Off. Sup. -Office Supplies; Sal. Salaries; Serv. Rev. Service Revenue; Util. - Utility.) Assets Liab. + Equity Contr. Capital Com.Div. Serv. RentUtil. Sal.Adv Retained Earnings SUD Ap Sup. Cash + AR Off. A/P Stock Rev. Exp Exp. Exp. Exp. 12/1 Enter any number in the edit fields and then click Check Answer 44 parts
