Background: You have been hired by Kelly to help with the accounting for their business called "Kelly's Consulting, Inc." The business opened on December $1"$ of this year. Kelly is looking for your help in determining how the business is doing. Review the transactions below to get started in your quest to help Kelly.

DECEMBER $2023$ TRANSACTIONS FOR BOOK PURPOSES

$\backslash$table$[[$Dec $1,\backslash$table$[[$Kelly took $$25,000$ of personal money and invested the cash into Kelly's Consulting, Inc. Kelly's$],[$Consulting$,$ Inc, is a brand$-$new business that has been established as an $ corporation for tax$],[$purposes$.$ The focus of the business will be on providing management consulting services.$],[$Kelly will operate the business from home.$],[$In order to travel to and from clients. Kellves consuling$]]],[$Dec $3,\backslash$table$[[$In order to travel to and from clients, Kelly's Consulting, Inc, purchased a moped scooter for$],[$$$7,000$ using cash. The moped scooter will be used $100\%$ for the business.$],[$Kelly landed her first client and$]]],[$Dec $6,\backslash$table$[[$Kelly landed her first client and immediately performed $$7,500$ of consulting services. Cash was$],[$recelved from the client.$],[$In order to try to get more clients. Kellyadyerticises.$]]],[Dec9,\backslash$table$[[$In order to try to get more clients, Kelly advertised in the local newspaper. The advertisement$],[$ran immediately and cost Kelly $$500.$ The newspaper billed her for this advertisement and$],[$expects payment in the future.$],[$Seeing the advertisement above, a customer called Kelly andwe$]]],[$Dec $12,],[Dec15,\backslash$table$[[$The lunch customer was impressed by Kelly and the business $-$ and paid $$5,000$ cash in$],[$exchange for a consulting agreement that will be performed on December ${21}^{st}.$ As of$],[$December ${15}^{th}($today$)$ no consulting work has been provided.$],[$The newspaper bill from the $9^{th}$ was paid using cash$]]],[$Dec $18,\backslash$table$[[$The newspaper bill from the $9^{th}$ was paid using cash.$],[$Kelly performed the $$5,000.]]],[Dec21,\backslash$table$[[$Kelly performed the $$5,000$ of consulting services that the client paid for on the ${15}^{th}.],[$Looking to thank the clients that$]]],[Dec24,\backslash$table$[[$Looking to thank the clients that were worked with this month, Kelly purchased and took the$],[$two clients to see an NBA professional basketball game. The cost of the tickets was $$750($ $$250$