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Cosmo Tumbul started a new business. Tumbull Gymnastics, and competed the flowing transactions during December (Cack the on to view the actions) Analyze the
Cosmo Tumbul started a new business. Tumbull Gymnastics, and competed the flowing transactions during December (Cack the on to view the actions) Analyze the fects of the transactions on the accounting equation of Tumbul Dymnastics. Use the folowing accounts: Cash, Accounts Receivable. Ofice Supplies Accourts Payable, Common Stuck Cvidends Service Revenue. Het Expense Ustes Expense, Wages Expense, and Advertsing Expense Analyze the events chronologicaly, one transaction at a time, beginning win the ransaction on the 1st. For each transaction that foows the vansaction on the 1st, calculate the balance in each account after analysing ts affect on the accounting equatos (Complete only the necessary answer bosss for your transacion lies (Do not enter any eros for your tansaction nes] Camy down all borances to the "Bane, including balance as erlang or any o hele Enter a decrease in an anoount with a minus sign or parentheses Atoreviations used All Accounts Payable AR Accounts Receivabe Ad Advertising: Com Common Cent Cebuted De Diving Ex Liabilities Off Office Sel Salanes: Sen Rev Bance Revenue Sap Suppli 12/1 Bal 12/5 Be 129 Bal Assets Liab Equity Cash + AR Off -AP Sap Cont Capital Com Stock Di Serv Red Earrings Rent -Adv Exp Exp. Exp Exp + = +
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