1. Journalize the following three transactions:

December 1 Purchased $500 supplies for cash

December 2 Received $800 for services provided

December 3 Paid salaries of $500

2. What is meant by normal balance in accounting?

3. What is the accounting equation?

4. What is the normal balance of cash?

5. What is the normal balance of salary payable?

6. Describe in your own words what is meant by journalizing, posting, and preparing a trial balance.