please see attached - thank you in advance **Analyzing Financial Transactions: A Step-by-Step Guide**When analyzing financial events chronologically, it's important to handle one transaction at a time. Begin with the transaction on the 1st day of the month. For each subsequent transaction, calculate the balance in each account after evaluating its impact on the accounting equation. Enter these transactions in the same order as presented. Ensure you only fill in the necessary response boxes for each transaction line and carry down all balances to the "Bal." line, even those with a zero balance. Use "0" for accounts with zero balances and indicate a decrease with a minus sign or parentheses.**Abbreviations used:**- A/P = Accounts Payable- A/R = Accounts Receivable- Adv. = Advertising- Cap. = Capital- Exp. = Expenses- Liab. = Liabilities- Off. Sup. = Office Supplies- Serv. Rev. = Service Revenue- Util. = Utilities- Wage = Wages- Withd. = Withdrawals**Template Explanation:**The template is divided into three main sections:1. **Assets**2. **Liabilities**3. **Equity**Each section has its respective columns representing different accounts.**Assets:**- Cash- Accounts Receivable (A/R)- Office Supplies (Off Sup.)**Liabilities:**- Accounts Payable (A/P)**Equity:**- Capital (Cap.)- Withdrawals (Withdr.)- Service Revenue (Serv. Rev.)- Rent Expense (Rent Exp.)- Utilities Expense (Util. Exp.)- Wages Expense (Wage Exp.)- Advertising Expense (Adv. Exp.)For each day listed in the first column, there are rows to enter transaction values under the appropriate columns (Cash, A/R, Off. Sup., A/P, Cap., Withdr., Serv. Rev., Rent Exp., Util. Exp., Wage Exp., Adv. Exp.). Each box under these columns should be filled according to the specific transaction and its impact on the account categories.**Bal.**: This line is used to enter the balance for each account after all transactions for the day have been accounted for.### Detailed Steps:1. **Chronologically Analyze Transactions**: Begin from the 1st and move day-by-day.2. **Fill Transactions**: Only fill necessary boxes related to the transaction.3. **Zero Balances**: Enter " ### December Transactions for Treyson's Business**Dec. 1** Treyson contributed $16,000 cash in exchange for capital.**Dec. 2** Received $2,400 cash from customers for services performed.**Dec. 5** Paid $550 cash for office supplies.**Dec. 9** Performed services for a customer and billed the customer for services rendered, $2,000.**Dec. 10** Received $550 invoice for utilities due in two weeks.**Dec. 15** Paid for advertising in the local paper, $300.**Dec. 20** Paid utility invoice received on December 10.**Dec. 25** Collected cash in full from customer billed on December 9.**Dec. 28** Paid rent for the month, $1,400.**Dec. 28** Paid $1,550 to assistant for wages.**Dec. 30** Received $2,000 cash from customers for services performed.**Dec. 31** Treyson withdrew $3,000.

The transactions of the company will be recorded first in the company's books which is called as…

Dec. 1 Treyson contributed $16,000 cash in exchange for capital. Dec. 2 Received $2,400 cash from customers for services performed. Dec. 5 Paid $550 cash for office supplies. Dec. 9 Performed services for a customer and billed the customer for services rendered, $2,000. Dec. 10 Received $550 invoice for utilities due in two weeks. Dec. 15 Paid for advertising in the local paper, $300. Dec. 20 Paid utility invoice received on December 10. Dec. 25 Collected cash in full from customer billed on December 9. Dec. 28 Paid rent for the month, $1,400. Dec. 28 Paid $1,550 to assistant for wages. Dec. 30 Received $2,000 cash from customers for services performed. Dec. 31 Treyson withdrew $3,000.