Anna Taylor started a new business, Taylor Gymnastics, and completed the following transactions during December:

Dec. 1 Anna contributed $ 30,000 cash in exchange for common stock.

2 Received $ 4,000 cash from customers for services performed.

5 Paid $ 100 cash for office supplies.

9 Performed services for a customer and billed the customer for services rendered, $ 3,000.

10 Received $ 200 bill for utilities due in two weeks.

15 Paid for advertising in the local paper, $ 125. 20 Paid utility bill received on Dec. 10.

25 Collected cash from customer billed on Dec. 9.

28 Paid rent for the month, $ 1,500.

28 Paid $ 1,050 to assistant for wages.

30 Received $ 2,800 cash from customers for services performed.

31 Cash dividends of $ 2,000 were paid to stockholders.

Analyze the effects of the transactions on the accounting equation of Taylor Gymnastics using a format similar to Exhibit 1- 5.