4 Akita International Corporation (referred to as "AIC") completed the following transactions during December 2019. The closing date for a financial statement purpose is December 31. December 1 The AIC began operations by receiving $10,000 cash and a truck with a fair value of $20,000 from AIC's president. The business issued its common stock in exchange for this contribution. 1 The AIC paid $1,000 cash for a four month insurance policy. The policy begins December 1. The AIC used an expense account to initially recognize this transaction. 4 12 25 15 18 20 22 25 27 28 29 30 31 Question 1 - - - paid $500 cash for office supplies. performed delivery services, for a customer and received $2,000 cash. completed a large delivery job, billed the customer, $2,500, and received a promise to collect the $2,500 within one week. paid employee salry, $1,000. received $15,000 cash for performing delivery services. collected $800 in advance for delivery service to be performed later. collected $2,500 cash from customer on account. purchased fuel for the truck,paying $300 on account. performed delivery services on account, $700. paid office rent, $1,600, for the month of December. paid $300 on account (on December 27) cash dividends of $3,000 were declared. Journalize accounting entries on each transaction. Explanation are not required. Problem 4 Qustion 1 Date Example Cash 12/1 12/1 12/4 12/12 12/15 12/18 12/20 12/22 12/25 12/27 12/28 Dr 1,000 Sales Cr 1,000