A dog training business began on December 1 . The following transactions occurred during its first month. December 1 Receiven $27,000 cash as an owner investment. December 2 Pays $6,840 cash for equipment. December 3 Pays $4,020 cash (insurance preaium) for a 12-month inaurance policy. Coverage began on Decenber 1. December 4 Paya $1,140 cash for December rent expense. December 7 Providea all-day training wervicea for a large group and immediately collectn $1,450 coah. December 8 Pays $235 eash in wagea for part-time help. December 9 provides training aervicen for $2,540 and renta training equipment for $670. The cuntomer is billed $3,210 for these servicea. Daceaber 19 Receives $3,210 cash from the customer billed on Dee. 9. Deceaber 20 Purchases $2,070 of suppliea on eredit fros a aupplier. December 23 , Receives $1,740 cash in advance of providing a 4 -week training service to a eustcerer, December 29 Pays $1,335 cash an a partial paynent toward the accounts payable of Dec. 20. December 30 Withdrawal of $535 cash by the owner for personal use. Prepare the required journal entries, adjusting entries, and closing entries. Information for month-end adjustments follows: Decenber 31 One month of the 12 -month, $4,020 inmurance policy is expired by Decenber 31 . This 1 eaven $3,685 not yet. expired. Deceabez 31 A physical count of nupplies on December 31 abova that only $1,235 of auppliea remain of the $2,070 appliea purchaned. December 31 the $6, H40 of equipent purchased at the beginning of Decenber han a useful 11 te of 5 yearn and wil be worth aothing at the end of 5 years ( 60 monthis). The business unes atraight-1ine depreciation to allocate the 56,840 net cost over 60 monthis. On Decenber 31,1 month of dopreoilation nut be rocorded. Decombet 31 The buhiness agreed on Decenber 23 to provide a 4 -week training nervice to a eustomer for a fixed fee of \$1,740 paid is advance. Dy Decenter 31 , the business has provided 1 of the 4 veeks of services and earned. one-fourth of the tee. No revenue is yet recorded. December 31 On December 31 , wagen of 5635 are oved to a part-tine employee for work done over the palt 3 veeka. Thone wagon are not yet paid or recorded. Decerber 31 The busineas agreed to provide 6 weeks of training iervices to a eustoner for a fee of 54,410 , or $735 per Decenber 31, 2 veeks of aervices have been provided, but the business has not yet bilied the eustoeser or recorded the 2 weeks of aervicen provided