P1-48B (similar to) Question Help Chase Thomas started a new business, Thomas 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 Thomas 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 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 "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. = Thomas, Capital; Exp. = Expense; Liab. = Liabilities: Off. Sup. = Office Supplies; Sal. = Salaries, Serv. Rev. = Service Revenue; Util. = Utility: Withdr. = Thomas, Withdrawals.) ASSETS = LIAB. EQUITY Cash + AR + Off A/P + . . - Withdr. + Serv. - Rent Util. Sal. - Adv. Sup Rev. Exp. Exp. Exp Exp 12/1 Enter any number in the edit fields and then click Check Answer. 10 parts Clear All Check Answer remaining Dec. 1 Chase contributed $19,000 cash in exchange for capital. 2 Received $2,600 cash from customers for services performed. 5 Paid $200 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, $450. 20 Paid utility invoice received on Dec. 10. 25 Collected cash in full from customer billed on Dec. 9. 28 Paid rent for the month, $1,900. 28 Paid $1,500 to assistant for wages. 30 Received $1,800 cash from customers for services performed. 31 Chase withdrew $5,000