Dec. 1 Wonder contributed $62,000 cash to the business in exchange for capital 

1 Purchased $15,600 of equipment paying cash. 

1 Paid $3,300 for a six-month insurance policy starting on December 1. 

9 Paid $28,000 cash to purchase land to be used in operations. 

10 Purchased office supplies on account, $3,000 

19 Borrowed $20,000 from the bank for business use. Wonder signed a note payable to the bank in the name of the business. The note is due in five years. 

22 Paid $800 for advertising expenses 

26 Paid $1,500 on account. 

28 The business received a bill for utilities to be paid in January, $300. 

31 - Revenues earned during the month included $17.000 cash and $3,900 on account. 

31 Paid employees' salaries $3.000 and building rent $500. Record as a compound entry. 

31 The business received $1050 for auto screening services to be performed next month. 

31 Wonder withdrew cash of $4.000.