Christopher started anew business, and completed the following transactions during December:

__________________________________________________________________

Dec. 1 Christopher contributed $21,000 cash on exchange for capital

2 received $3,500 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 $300 bill for utilities due in two weeks

15 Paid for advertising in the local paper $325

20 Paid bill utility received on Dec.10

25 collected cash from customer billed on Dec. 9

28 paid rent for the month, $2,000

28 paid $1,250 to assistant for wages

30 received $1,800 cash from customers for services performed

Christopher withdraw $5,000 cash from the business.

Analyze the effects of transactions on the accounting equation