3 During the first month of operations, the following transactions were completed by ABC Corporation: 4 5 Dec 1 6 7 Dec 3 8 9 Dec 4 10 11 Dec 5 12 13 Dec 6 14 15 Dec 9 16 17 Dec 10 18 19 Dec 11 20 21 Dec 12 Issued 25,000 shares of $1 par common stock for cash of $20 per share. ABC Company pays cash for Land and a building to be used in operations. The land cost $50,000 and the building cost $150,000. Purchased $10,000 of store fixtures on account. Purchased merchandise inventory from XYZ Company for $125,000, terms n/eom, FOB destination. ABC sold $50,000 of merchandise on account, 2/10, n/30, FOB shipping point. The cost of merchandise sold was $20,000. Paid adverting costs of $15,000 to promote new business. Purchased merchandise inventory from QRS Company for $100,000, terms n/30, FOB destination. Purchased 500 shares of treasury stock for $15 per share. ABC's Board of Directors declared a $30.000 cash dividend. Directions Chart of Accounts Journal-December Unadjusted Trial Balance Adius Rearly