A dog training business began on December $1.$ The following transactions occurred during its first month.

Information for month$-$end adjustments follows:

December $31$ One month of the $12-$month, $$4,080$ insurance policy is expired by December $31.$ This leaves $$3,740$ not yet expired.

December $31$ A physical count of supplies on December $31$ shows that only $$1,240$ of supplies remain of the $$2,080$ supplies purchased.

December $31$ The $$6,960$ of equipment purchased at the beginning of December has a useful life of $5$ years and will be worth nothing

at the end of $5$ years $(60$ months$).$ The business uses straight$-$line depreciation to allocate the $$6,960$ net cost over $60$

months. On December $31,1$ month of depreciation must be recorded.

December $31$ The business agreed on December $23$ to provide a $4-$week training service to a customer for a fixed fee of $$1,760$ paid in

advance. By December $31,$ the business has provided $1$ of the $4$ weeks of services and earned one$-$fourth of the fee. No

revenue is yet recorded.

December $31$ On December $31,$ wages of $$640$ are owed to a part$-$time employee for work done over the past $3$ weeks. Those wages are not

yet paid or recorded.

December $31$ The business agreed to provide $6$ weeks of training services to a customer for a fee of $$4,440,$ or $$740$ per week. The

customer agrees to pay the full $$4,440$ at the end of $6$ weeks when services are complete. By December $31,2$ weeks of

services have been provided, but the business has not yet billed the customer or recorded the $2$ weeks of services

provided.

Use the drop$-$downs to select the accounts properly included on the income statement. The unadjusted, adjusted,

or post$-$closing balances will appear for each account, based on your selection.