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Christian Tanner started a new business, Tanner Gymnastics, and completed the following transactions during December: (Click the icon to view the transactions.) Analyze the effects
Christian Tanner started a new business, Tanner 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 Tanner 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 "' 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 Equity = Liab. + Contr. Capital = AUF + Com Cash + AR - Div. + Sery Retained Earnings Rent - Ulil Exp. Exp. Sal + + OFF Sup. . Adv. Stock Rev. Exp. Exp. 12/1 + + 12/2 + + + + Bal + 12/5 + + Bal + 1219 + + + + Bal 12/10 + Bal 12/15 Bal. + + + + 12/20 + + + + Bal. + + + + : + 12/25 + + + Bal. - + + + 12/28 + + + Bal. + + + + - 12/28 + + + + + + Bal. + + 12/30 + + + + Bal. + + + + + 12/31 + + + Bal. + + + Enter any number in the edit fields and then continue to the next question. Christian Tanner started a new business, Tanner 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 Tanner 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 "' 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 Equity = Liab. + Contr. Capital = AUF + Com Cash + AR - Div. + Sery Retained Earnings Rent - Ulil Exp. Exp. Sal + + OFF Sup. . Adv. Stock Rev. Exp. Exp. 12/1 + + 12/2 + + + + Bal + 12/5 + + Bal + 1219 + + + + Bal 12/10 + Bal 12/15 Bal. + + + + 12/20 + + + + Bal. + + + + : + 12/25 + + + Bal. - + + + 12/28 + + + Bal. + + + + - 12/28 + + + + + + Bal. + + 12/30 + + + + Bal. + + + + + 12/31 + + + Bal. + + + Enter any number in the edit fields and then continue to the next
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