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Conner Turner started a new business, Turner Gymnastics, and completed the following transactions during December (Click the icon to view the transactions) Analyze the effects
Conner Turner started a new business, Turner 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 Turner Gymnastics. Analyze the evento chroniogically or transaction at a time Beginning with the transaction on the 2nd calcuate the balance in each cocoirt after analyzing the effect of the transaction on the accounting equation Enter each transaction from the 28th on separate lines and in the same order as presented in the problem statement. (Complate only the necessary answer boxes for your transaction lines. Do not enter any zaras for your transaction lines) Carry down all balances to the Belline, including zero belance accounts, entering a for any zero balances Entera decrease in an eccount with a minus sign or parentheses Abbreviations used. AJP - Accounts Payable, AR - Accounts Receivable, Adv. - Advertising Cup - Turner, Capital, Exp. - Expenses Linb = Libilities; Of Sun Office Supplies: Sal. = Salaries; Serv Rey = Service Revenue U = Utility withdr = Turner, withdrawals) ASSETS LIAB EQUITY Cash + A/R + Ofr A/P + Cap withdr + Serv Rent Util Sal Adv. Sup Rev Exp. Exp. Exp Exp 12/1 + Conner Turner started a new business, Turner 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 Turner Gymnastics. Analyze the evento chroniogically or transaction at a time Beginning with the transaction on the 2nd calcuate the balance in each cocoirt after analyzing the effect of the transaction on the accounting equation Enter each transaction from the 28th on separate lines and in the same order as presented in the problem statement. (Complate only the necessary answer boxes for your transaction lines. Do not enter any zaras for your transaction lines) Carry down all balances to the Belline, including zero belance accounts, entering a for any zero balances Entera decrease in an eccount with a minus sign or parentheses Abbreviations used. AJP - Accounts Payable, AR - Accounts Receivable, Adv. - Advertising Cup - Turner, Capital, Exp. - Expenses Linb = Libilities; Of Sun Office Supplies: Sal. = Salaries; Serv Rey = Service Revenue U = Utility withdr = Turner, withdrawals) ASSETS LIAB EQUITY Cash + A/R + Ofr A/P + Cap withdr + Serv Rent Util Sal Adv. Sup Rev Exp. Exp. Exp Exp 12/1 +
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