omework TR (part 2) 1 of 3 (0 complete) 0 - More Info Dec. 1 Received $16,000 cash from Christopher in exchange for common stock 2 Received $3,000 cash from customers for services performed. 5 Paid $300 cash for office supplies. 9 Performed services for a customer and billed the customer for services rendered, $3,500. 10 Received $150 invoice for utilities due in two weeks. 15 Paid for advertising in the local paper. $350. 20 Paid utility invoice received on December 10. 25 Collected cash in full from customer billed on December 9. 28 Paid rent for the month, $1,400. 28 Paid $1,350 to assistant for wages. 30 Received $1,600 cash from customers for services performed. 31 Cash dividends of $2,000 were paid to stockholders. Print Done Clear All Save Homework: Chapter 1 Homework TR (part 2) HW Score: 0%, 0 of 12 pts 1 of 3 (0 complete Score: 0 of 5 pts Question Help P1-41A (similar to) Christopher Turnbull started a new business, Tumbull Gymnastics, and completed the following transactions during December Click the loon to view the transactions.) Analyze the effects of the transactions on the accounting equation of Tumbull Gymnastics - 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 Ines. Carry down all balances to the "Balline, including zero balance accounts, entering a "O" for any zero balances. Enter a decrease in an account with a minus sign or parentheses Abbreviations used: NP - Accounts Payable, AR = Accounts Receivable; Adv. - Advertising: Com. = Common; Contr. Contributed: Div. - Dividends: Exp. - Expense; Liab. Liabilities. On Sup. Office Supplies Sol. Salaries, Serv. Rev. - Service Revenue: Un-Ulity) Assets = Llab Equity Contr. Capital Retained Earnings Cash + AUR + Of - AP Com Div + Serv - Rent - Util Sal - Adv Sup Stock Rev Exp Exp Exp Exp 12/1 + ter any number in the edit fields and then click Check Answer. Check