Dec. 1 Cory contributed $25,000 cash in exchange for common stock. 2 Received $3, 400 cash from customers for services performed 5 Paid $150 cash for office supplies 9 Performed services for a customer and billed the customer for services rendered, $4,000 10 Received $550 bill for utilities due in two weeks 15 Paid for advertising in the local paper, $325. 20 Paid utility bill received on Dec. 10. 25 Collected cash from customer billed on Dec. 9. 28 Paid rent for the month, $1, 400 28 Paid $1, 550 to assistant for wages. 30 Received $1, 400 cash from customers for services performed 31 Cash dividends of $5, 500 were paid to stockholders Cory Thompson started a new business, Thompson Gymnastics, and completed the following transactions during December: Analyze the effects of the transactions on the accounting equation of Thompson Gymnastics Analyze the events chronologically, one transaction at a time Beginning with the transaction on the 2nd. calculate the balance in each account after analyzing the effect of the transaction 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 "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; Com = Common; Contr =Confuted. D/v. = Dividends. Exp. = Expense; Liab. = Liabilities; Off. Sup. = Office Supplies. Sal. = Salaries; Serv Rev. = Service Revenue. Util = Utility.)