Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 1st. For each transaction that follows the transaction 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 "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 = Account 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 Retained Earnings Cash A/R + + Off. = A/P + Com. Div. + Serv. Rent Util. Sal. - Adv. Sup. Stock Rev. Exp. Exp. Exp. Exp. + 12/1 + + 12/2 + + + + + Bal. + 12/5 + + + i More Info Dec. 1 Received $17,000 cash from Cory in exchange for common stock. 2 Received $2,000 cash from customers for services performed. 5 Paid $300 cash for office supplies. 9 Performed services for a customer and billed the customer for services rendered, $2,000. 10 Received $500 invoice for utilities due in two weeks. 15 Paid for advertising in the local paper, $240. 20 Paid utility invoice received on December 10. 25 Collected cash in full from customer billed on December 9. 28 Paid rent for the month, $1,200. 28 Paid $1,400 to assistant for wages. 30 Received $1,600 cash from customers for services performed. 31 Cash dividends of $2,000 were paid to stockholders. Print Done Capital Retained Earnings Cash A/R + Off. A/P + Com. Div. + Serv. Rent Util. Sal. - Adv. + Sup. Stock Rev. Exp. Exp. Exp. Exp. 12/1 + + + = + + 12/2 + + Bal. + + 12/5 + + + + + + + + + Bal. + + + + + + + + 12/9 + + + Bal. + 12/10 + + + + + Bal. + + 12/15 + = + + Bal. + + 12/20 + + 11 + + Bal. + II + + 12/25 + Bal. + + + 12/28 + + + Bal. + + + + + 12/28 + + Bal. + + + 12/30 + + + + Bal. + + + + + + + 12/31 + Bal. + + +