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

December 1	Receives $26,000 cash as an owner investment in exchange for common stock.
December 2	Pays $6,720 cash for equipment.
December 3	Pays $3,960 cash (insurance premium) for a 12-month insurance policy. Coverage began on December 1.
December 4	Pays $1,120 cash for December rent expense.
December 7	Provides all-day training services for a large group and immediately collects $1,400 cash.
December 8	Pays $230 cash in wages for part-time help.
December 9	Provides training services for $2,520 and rents training equipment for $660. The customer is billed $3,180 for these services.
December 19	Receives $3,180 cash from the customer billed on Dec. 9.
December 20	Purchases $2,060 of supplies on credit from a supplier.
December 23	Receives $1,720 cash in advance of providing a 4-week training service to a customer.
December 29	Pays $1,330 cash as a partial payment toward the accounts payable of Dec. 20.
December 30	Distributed a $530 cash dividend to the owner.

Information for month-end adjustments follows:

December 31	One month of the 12-month, $3,960 insurance policy is expired by December 31. This leaves $3,630 not yet expired.
December 31	A physical count of supplies on December 31 shows that only $1,230 of supplies remain of the $2,060 supplies purchased.
December 31	The $6,720 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 $6,720 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 $1,720 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 $630 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 $4,380, or $730 per week. The customer agrees to pay the full $4,380 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.

1. general journal, 2. income statment, 3. balance sheet, 4. post closing