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14t presented on page 41. P1-41A Using the accounting equatio unting equation for transaction analysis In Turnbull started a new business, Turnbull Gymnastics, and completed the following transactions during December: Dec. 1 2 Cameron contributed $ 21.000 cash in exchange for capital. Received $2,400 cash from customers for services performed. 5 10 15 Paid $350 cash for office supplies. Performed services for a customer and billed the customer for services rendered, $150 Received $100 invoice for utilities due in two weeks. Paid for advertising in the local paper, $300. Paid utility invoice received on Dec. 10. Collected cash in full from customer billed on Dec. 9. Paid rent for the month, $2,800. Paid $1,100 to assistant for wages. Received $2,800 cash from customers for services performed. Cameron withdrew $4,500. 28 28 30 31 Analyze the effects of the transactions on the accounting equation of Turnbull Gymnastics using a format similar to Exhibit 1-5