Using the accounting equation for transaction analysis Christopher Turner started a new business, Turner Gymnastics, and completed following transactions during December: Christopher contributed $ 21,000 cash in exchange for capital. Received $3, 500 cash from customers for services performed. Paid $200 cash for office supplies. Performed services for a customer and billed the customer for services rendered. $2,000. Received $300 bill for utilities due in two weeks Paid for advertising in the local paper. $325 Paid utility bill received on Dec 10 Collected cash from customer billed on Dec 9 Paid rent for the month. $2,000 Paid $1, 250 to assistant for wages Received $1.800 cash from customers for services performed Christopher withdrew $5,000 cash from the business Analyze the effects of the transactions on the accounting equation of Turner Gymnastics using a format similar to Exhibit 1 -4