0 0 Transaction: Net Income Total Assets Liabilities Total Equity income Where can you go to find each of your answers? statement Balance sheet Balance sheet Balance sheet Dec 1 - Travel Smart receives $38,000 cash from $ 0 $ Grace Labeille in exchange for common stock 38,000 $ 0 $ 38,000 Dec 2 - Pays $2.900 cash for supplies 0 38,000 0 38,000 Dec 3 - Pays $34.000 cash for equipment 38,000 0 38,000 Dec 4 - Purchases $7,750 of supplies on credit from a 4,550 supplier 7,750 38,000 Dec 5 - Provides consulting services and immediately collects $4,600 cash 4,600 9.150 Dec 6 - Pays $1,400 cash for December rent Dec. 7-Pays $1,100 cash for employee salary Dec. 8 - Provides consulting services of $2.000 and rents its test facilities for $700 The customer is billed $2,700 for these services Dec 9 - Receives $2,700 cash from the client billed on December 8 Dec. 10 - Pays CalTech Supply $1,300 cash toward the payable from December 4 Dec 11 - Travel Smart pays $600 cash for dividends Dec 12 - Receives $3,400 cash in advance of providing consulting services to a customer Dec. 13 - Pays $2,800 cash (insurance premium) for a 24-month insurance policy Coverage begins on December 1 Dec 14 - Pays $520 cash for supplies Dec 15 - Pays 5705 cash for December utilities expense Dec 16 - Pays $900 cash in employee salary for work nerformed in the latter nart of Decemher