\fDo Homework - marwa yalda - Personal - Microsoft Edge https://www.mathxl.com/Student/PlayerHomework.aspx?homeworkld=5743020818/questionld=18flushed=false&cld=6163787 &c.. X Acct 1080 Principles of Accounting 1 marwa yalda & | 10/17/20 4:21 PM Homework: Week One: Chapter 1 Problems Score: 0 of 4 pts Save 2 of 4 (3 complete) PF1-42A (similar to) HW Score: 61 13%, 9 17 of 15 pts Question Help Camden Timmins started a new business, Timmins Gymnastics, and completed the following transactions during December i (Click the icon to view the transactions Analyze the effects of the transactions on the accounting equation of Timmins Gymnastics. Use the following accounts Cash, Accounts Receivable, Office Supplies Accounts Payable, Timmins, Capital; Timmins, Withdrawals; Service Revenue, Rent Expense, Utilities Expense, Wages Expense, and Advertising Expense. Analyze the events chronologically, one transaction at a time, beginning with t 1st, calculate the balance in each account after analyzing its effect on the accoun ction on the Ist For each transaction that follows the transaction on the order as presented in the problem statement. (Complet ting equation Enter each transaction from the 28th on separate lines and in the same Carry down all balances to the " only the necessary al boxes for n lines [Do not enter any zeros for your transaction lines. ] ero 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. = Timmins, Capital, Exp = Expense, Liab. = Liabilities Off. Sup. = Office Supplies; Serv. Rev. = S Service Revenue, Util. = Utilities Wage - Wages, Withdrimmins, Withdrawals ) ASSETS LIAB. EQUITY Cash A/R + Off A/P Cap - Withdr Serv Rent it - Util. - Wage - Adv Sup. Rev Exp Exp. Exp Exp 12/1 i More Info X Dec. 1 Timmins contributed $22,000 cash in exchange for capital. Dec. 2 Received $3,200 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, $2 500 Dec . 10 Received $600 invoice for utilities due in two weeks Dec . 15 Paid for advertising in the local paper, $425 Dec. 20 Paid utility invoice received on December 10 Dec . 25 Collected cash in full from customer billed on December 9 Paid rent for the month, $3,000 Paid $1, 150 to assistant for wages Received $1,900 cash from customers for services performed Timmins withdrew $3,000 Ent Print Done Check