P1-41A Using the accounting equation for transaction analysis Conner Thomas started a new business, Thomas Gymnastics, and completed the following transactions during December: Thomas contributed $19,000 cash in exchange for capital. Dec. 1 Received $3,800 cash from customers for services performed. 2 5 Paid $200 cash for office supplies. Performed services for a customer and billed the customer for services rendered, $4,500. 9 Received $200 invoice for utilities due in two weeks. 10 Paid for advertising in the local paper, $250 15 Paid utility invoice received on December 10. 20 Collected cash in full from customer billed 25 on December 9. Paid rent for the month, $1,600. 28 Paid $1,450 to assistant for wages 28 30 Received $1,400 cash from customers for services performed. 31 Thomas withdrew $3,500. Analyze the effects of the transactions on the accounting equation of Thomas Gymnastics using a format similar to Exhibit 1-5