Inis fest: 2 pts possible Chet Timmins started a new business, Timmins Gymnastics, and compleled the following transactions during December: (Click the icon to view the transactions.) Submit Test 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 Reveru Rent Expense: Utilities 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 isl, calculate the balance in each account aor analyzing its effect on the accounting equation. Enter each transaction from the 28th on separate lines and in the same order as presented in the problem statement (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 mind sign or parentheses. Abbreviations used: AJP Accounts Payable; NR= Accounts Receivable: Adv. = Advertising; Cap. = Timmins, Capital: Exp = Expense: Liab= Liabilities: Off Sup. Office Supplies; Serv. Rev. = Service Revenue: Utii Utilities: Wage = Wages: Withdr. = Timmins Withdrawals) ASSETS LIAB EQUITY Cash AR + Off A/P . Withdr + Serv. - Rent - Util Wage Adv. Sup Rev. Exp. Exp. Exp. Exp. X More Info 12/1 26,000 + = + 26.000 2,600 12/2 Dec. 1 Timmins contributed $28,000 cash in exchange for capital Bal. + Dec. 2 Received $2,600 cash from customers for services performed 12/5 100 + + Dec. 5 Paid $100 cash for office supplies. Bal + + Dec. 9 Performed services for a customer and billed the customer for services rendered. S5,500 12/9 Dec. 10 Received $100 Invoice for utilities due in two weeks Bal + + = + Dec. 15 Paid for advertising in the local paper, $400 + + 12/10 + Dec. 20 Paid utility invoice received on December 10. Bal. + + Dec. 25 Collected cash in full from customer biled on December + Dec. 28 Paid rent for the month, $1,800. 12/15 Dec. 28 Paid $1,150 to assistant for wages. Bal. + Dec. 30 Received $1,200 cash from customers for services performed 12/20 Dec. 31 Timmins withdrew $2.000. Bal. + = + + + + + + + + + + + + + + + + + + + + + + + - + + + + + Inis fest: 2 pts possible Chet Timmins started a new business, Timmins Gymnastics, and compleled the following transactions during December: (Click the icon to view the transactions.) Submit Test 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 Reveru Rent Expense: Utilities 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 isl, calculate the balance in each account aor analyzing its effect on the accounting equation. Enter each transaction from the 28th on separate lines and in the same order as presented in the problem statement (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 mind sign or parentheses. Abbreviations used: AJP Accounts Payable; NR= Accounts Receivable: Adv. = Advertising; Cap. = Timmins, Capital: Exp = Expense: Liab= Liabilities: Off Sup. Office Supplies; Serv. Rev. = Service Revenue: Utii Utilities: Wage = Wages: Withdr. = Timmins Withdrawals) ASSETS LIAB EQUITY Cash AR + Off A/P . Withdr + Serv. - Rent - Util Wage Adv. Sup Rev. Exp. Exp. Exp. Exp. X More Info 12/1 26,000 + = + 26.000 2,600 12/2 Dec. 1 Timmins contributed $28,000 cash in exchange for capital Bal. + Dec. 2 Received $2,600 cash from customers for services performed 12/5 100 + + Dec. 5 Paid $100 cash for office supplies. Bal + + Dec. 9 Performed services for a customer and billed the customer for services rendered. S5,500 12/9 Dec. 10 Received $100 Invoice for utilities due in two weeks Bal + + = + Dec. 15 Paid for advertising in the local paper, $400 + + 12/10 + Dec. 20 Paid utility invoice received on December 10. Bal. + + Dec. 25 Collected cash in full from customer biled on December + Dec. 28 Paid rent for the month, $1,800. 12/15 Dec. 28 Paid $1,150 to assistant for wages. Bal. + Dec. 30 Received $1,200 cash from customers for services performed 12/20 Dec. 31 Timmins withdrew $2.000. Bal. + = + + + + + + + + + + + + + + + + + + + + + + + - + + + + +