o P1-48B (similar to) Question Help Christopher Turner started a new business. Tumer 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 Turner 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 Enter each transaction from the 2B on separate lines and in the same order as presented in the problem statement. (Complete only the necessary answer bores for your transaction ines. Do not enter any zers for your transaction Ines Carrycon il balances to the "Bal" line, including to balance accounts, entering a "for any zero balances Enter a decrease in an account with a minus signorantes Abbreviation used: AJP Accounts Payable: AR = Accounts Receivable Adv. = Advertising: Cap = Tumer Capital; Exp = Expenses Liab Labies Of Sup = Office Supples: Sal. = Salaries Serv Rev. = Service Revenue; U = UlityWithdt = Tumer, Withdrawals) ASSETS LIAB EQUITY Cash + AR Om AP 4 withdr Serv - Rent UN Sal Ads Sup Rev Exp . EXP Exp Exp 12/1 More Info Dec 1 Christopher contributed $23,000 cash in exchange for capital 2 Received $3,500 cash from customers for services performed 5 Paid $250 cash for office supplies. 9 Performed services for a customer and billed the customer for services rendered, $3,000. 10 Received $250 invoice for utilities due in two weeks. 15 Paid for advertising in the local paper. $275 20 Paid utility invoice received on Dec 10 25 Collected cash in full from customer billed on Dec.. 28 Paid rent for the month, $2.400 28 Paid $1,300 to assistant for wages 30 Received 1,400 cash from customers for services performed 31 Christopher withdrew $6,000 Print Done