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Camden Thompson started a new business, Thompson 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 Thompson Gymnastics. Use the following accounts Cash Accounts Receivable, Office Supplies Accounts Payable, Common Stock Dividends, Service Revenue, Rent Expense, Ulities 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 (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 "O" for any zero balances Enter a decrease in an account with a minus sign of parentheses Abbreviations used. A/P Accounts Payabile, AR Accounts Receivable, Adv Advertising Com. Common Conte - Contributed Div Dividends, Exp = Expense, Lab Liabilities: Off Office, Sal Salaries, Serv Rev - Service Revenue, Sup - Supplies, Ul Utility) Assets Liab. Equity Contr Capital Retained Earnings Cash + AR + OH AP Com Div. + Sery - Rent - Util Sal Adly Sup Stock Rev Exp Exp Exp Exp 12/1 20,000 20.000 12/2 2.800 + Bal 12/5 Bal Enter any number in the editields and then continue to the next question 1 Juliot has a choice between receiving a monthly salary of 51800 from a company or a base salary of 51700 and a 2% commission on the amount of furniture she sells during the month For what amount of sales will the two choices be equal? The two salary choices will be equal when the amount of sales is (Round to the nearest dollar as needed) Camden Thompson started a new business, Thompson 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 Thompson Gymnastics. Use the following accounts Cash Accounts Receivable, Office Supplies Accounts Payable, Common Stock Dividends, Service Revenue, Rent Expense, Ulities 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 (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 "O" for any zero balances Enter a decrease in an account with a minus sign of parentheses Abbreviations used. A/P Accounts Payabile, AR Accounts Receivable, Adv Advertising Com. Common Conte - Contributed Div Dividends, Exp = Expense, Lab Liabilities: Off Office, Sal Salaries, Serv Rev - Service Revenue, Sup - Supplies, Ul Utility) Assets Liab. Equity Contr Capital Retained Earnings Cash + AR + OH AP Com Div. + Sery - Rent - Util Sal Adly Sup Stock Rev Exp Exp Exp Exp 12/1 20,000 20.000 12/2 2.800 + Bal 12/5 Bal Enter any number in the editields and then continue to the next question 1 Juliot has a choice between receiving a monthly salary of 51800 from a company or a base salary of 51700 and a 2% commission on the amount of furniture she sells during the month For what amount of sales will the two choices be equal? The two salary choices will be equal when the amount of sales is (Round to the nearest dollar as needed)
