2B Score: 0 of 20 pts P2-36A (similar to) 3 of 3 (0 complete) During December, Swanson Veterinary Clinic Ltd. completed the following transactions: (Click the icon to view the transactions.) The clinic uses the following accounts: Cash, Accounts Receivable, Supplies, Land, Accounts Payable, Notes Payable, Common Shares, Dividends, Service Revenue, Salary Expense, Rent Expense, Utilities Expense, and Advertising Expense. Required 1. Journalize each transaction of Swanson Veterinary Clinic Ltd. Explanations are not required. 2. Post to these T-accounts: Cash, Accounts Payable, and Notes Payable. 3. After these transactions, how much cash does the business have? How much in total liabilities does it owe? Requirement 1. Journalize each transaction of Swanson Veterinary Clinic Ltd. Explanations are not required. (Record debits first, then credits. Explanations are not required.) Start with the transaction on December 1st. Record the transaction for Dr. Swanson depositing $29,000 cash and the business issuing common shares to her. Date Dec Journal Entry Accounts Debit Credit More Info Dec 1 Dr. Swanson deposited $29,000 cash in the business bank account. The business issued common shares to her. 5 Paid monthly rent, $1,700. and 9 Paid $10,000 cash, and signed a $29,000 note payable to purchase land for an office site. 10 Purchased supplies on account, $1,900. 19 Paid $800 on account. 22 Borrowed $18,000 from the bank for business use. Dr. Swanson signed a note payable to the bank in the name of the business. 31 Revenue earned during the month included $13,000 cash and $7,000 on account. 31 Paid employees' salaries ($3,700), advertising expense ($1,200), and utilities expense ($900). 31 Declared and paid a cash dividend of $4,500. Print Done Save HW Score: 0%, 0 of 34 p Question Help