Christopher Turner started a new business, Turner Gymnastics, and completed the following transactions during December:

Dec. 1	Turner contributed $21,000 cash in exchange for capital.
Dec. 2	Received $2,000 cash from customers for services performed.
Dec. 5	Paid $650 cash for office supplies.
Dec. 9	Performed services for a customer and billed the customer for services rendered, $3,000.
Dec. 10	Received $600 invoice for utilities due in two weeks.
Dec. 15	Paid for advertising in the local paper, $475.
Dec. 20	Paid utility invoice received on December 10.
Dec. 25	Collected cash in full from customer billed on December 9.
Dec. 28	Paid rent for the month, $2,600.
Dec. 28	Paid $1,300 to assistant for wages.
Dec. 30	Received $1,800 cash from customers for services performed.
Dec. 31	Turner withdrew $4,500.

Analyze the effects of the transactions on the accounting equation of Turner Gymnastics. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Accounts Payable; Turner, Capital; Turner, Withdrawals; Service Revenue; Rent Expense; Utilities Expense; Wages Expense; and Advertising Expense.

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. Enter each transaction from the 28th on separate lines and in the same order as presented in the problem statement. (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; Cap. = Turner, Capital; Exp. = Expense; Liab. = Liabilities; Off. Sup. = Office Supplies; Serv. Rev. = Service Revenue; Util. = Utilities; Wage = Wages; Withdraw. = Turner,Withdrawals.)

ASSETS LIAB. EQUITY Cash AIR + Off. - A/P . Withdr + Serv. Rent Util. - Wage Adv. Sup Rev. Exp Exp. Exp. Exp. 12/1 +