Christopher Turner started a new business, Turners Gymnastics and completed the following transactio

Christopher Turner started a new business, Turners Gymnastics and completed the following transactio

Christopher Turner started a new business, Turners Gymnastics and completed the following transactions during December:Dec. 1-Christopher contributed $21,000 case in exchange for capitolDec. 2-received $3,500 cash from customers for services performedDec.5-Paid $200 Cash for office suppliesDec.9-Performed services for a customer and billed the customer for services rendered, $2000Dec.10-Received $300 bill for utilities due in two weeksDec.15-Paid for advertising in the local papers $325Dec.20-Paid utility bill received Dec. 10Dec.25-Collected cash from customer billed Dec 9Dec. 28-Paid rent for the month of $2,000Dec. 28-Paid $1,250 to assistant for wagesDec. 30-Received $1,800 cash from customers for services performedDec. 31-Christopher withdrew $5,000 cash from the businessAssetsDateCash12Bal.5Bal.9Bal.10Bal.15Bal.20Bal.25Bal.28Bal.28Bal.30Bal.31Bal.+AccountsReceivable21,0003,500$24,500Total Assets:+OfficeSupplies$200$0Liabilities+OwnersEquity=Accounts Payable+TurnerEquity$200Total Liabilities and Owners EquityType of Owners Equity Transaction21,000 Capitol21,000$0

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