1-Dec Shareholders invested $200,000 cash in the business in exchange for shares, Purchased a land costing $100,000 and supplies for $10,000 on account, 8 9 Paid in advance for one-year insurance $10,000 cash, 11 15 20 25 28 Received $10,000 cash from customer for services not performed yet. Performed services and billed customer for services performed $37,000. Received half of the amount in cash from the billed customers on December 15th, Paid $30,000 cash for the purchase on account on December 8th. Borrowed $40,000 cash from the bank by signing a note. The note is long term. 29 Purchased equipment costing $20,000 cash. 29 Declared and paid cash dividends to shareholders for $7,000. 30 Paid utilities of the month, $1,000. Requirements: 1) General Excel/ Word structure.. 2) Record the transactions into the General Journal: 3) Record the transactions into the related T-Accounts;. 4) Prepare a Trial Balance for the month of December 2019 Assets Liabilities Equity