7-9. Baker Incorporated specializes in training and veterinary services to for household pets, such as dogs, birds, lizards, fish, and of course, cats. After the first 11 months of operations in 2018, Baker has the following account balances. Account Title Debits Credits Cash $13,300 Supplies Prepaid rent Equipment Buildings Accounts payable 2,600 4,800 82,100 200,000 $9,500 Deferred revenue 3,400 Common stock 145,000 Retained earnings 50,200 Dividends 9,000 Service revenue 250,000 Salaries expense 100,000 Advertising expense Utilities expense 15,600 30,700 Totals 458,100 $458,100 The following transactions occur during December 2018: Throughout the month, Baker provides services to customers for cash, $25,400. Purchase pet supplies December 1-31 December 4 on account, $2,700. Pay for supplies purchased December 9 on December 4, December 12 Issue additional shares of common stock for cash, $6,000. Purchase equipment with cash, $7,800. Pay utilities for December, $4,400. Receive cash from customers for services to be provided ecember 19 ecember 22 next January, $2,500. ecember 24 1. Record each transaction. Date Account Debit Credit 2. Post each transaction to the appropriate T-accounts. 3. Calculate the balance of each account at December 31