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After recording the following transactions, what is the December 31st balance in the (Earned) Revenue account in the general ledger? 1. On December 1,

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After recording the following transactions, what is the December 31st balance in the (Earned) Revenue account in the general ledger? 1. On December 1, 2018, Walter Y. Knott started a consulting service called "Forget Me Knott by investing $10,000 into the business and opening a business checking account at the bank. The company's year-end is December 31st. 2. On December 1st, the company purchased a 3-year insurance policy for $3,600 (record the debit to prepaid insurance) with a check. 3. On December 1st, the company purchased office equipment for $6,000 with a check. 4. On December 5th, the first consulting project was completed and the check received for the work of $8,000 was deposited into the company's checking account. 5. On December 30th, the company received and deposited a check for $5,000 for consulting services to be performed in January of next year. 6. On December 31st the company wrote a $4,000 check to Walter as an owner's withdrawal.

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