Baker Incorporated specializes in training and veterinary services for household pets, such as cats, dogs, birds, lizards, and fish. After the first 11 months of operations in 2021, Baker has the following account balances. Accounts Debits Credits $ 13,300 Cash Supplies 2,600 Prepaid Rent 4,800 Equipment 82,100 Buildings 200,000 Accounts Payable Deferred Revenue $9,500 3,400 Common Stock 145,000 Retained Earnings Dividends 50,200 9,000 250,000 Service Revenue Salaries Expense Advertising Expense 100,000 15,600 Utilities Expense 30,700 Totals $458,100 $458,100 The following transactions occur during December 2021: December 1- Throughout the month, Baker provides services to customers for cash, $25,400. (Hint: Record the 31 entire month's services in a single entry.) December 4 Purchase pet supplies on account, $2,700. December 8 Pay for fliers to be distributed to local residences to advertise the company's services, $3,100. December 9 Pay for supplies purchased on December 4. December 12 Issue additional shares of common stock for cash, $6,000. December 16 Pay cash on accounts payable, $6,600. December 19 Purchase equipment with cash, $7,800.. December 22 Pay utilities for December, $4,400. December 24 Receive cash from customers for services to be provided next January, $2,500. One of Baker's trainers takes a part-time job at the zoo and earns a salary of $1,300. The zoo and December 27 Baker are separate companies. View transaction list Journal entry worksheet 1 2 4 5 6 7 8 ...... 12 Throughout the month, Baker provides services to customers for cash, $25,400. (Hint: Record the entire month's services in a single entry.) Note: Enter debits before credits. Date General Journal Debit December 01 Clear entry Record entry Credit View general Journal -k View transaction list 1 Throughout the month, Baker provides services to customers for cash, $25,400. (Hint: Record the entire month's services in a single entry.) 2 Purchase pet supplies on account, $2,700. 3 Pay for fliers to be distributed to local residences to advertise the company's services, $3,100. 4 Pay for supplies purchased on December 4. 5 Issue additional shares of common stock for cash, $6,000. 6 Pay cash on accounts payable, $6,600. Note : = journal entry has been entered Record entry Clear entry EX 12 C View gen 7 Purchase equipment with cash, $7,800. 8 Pay utilities for December, $4,400. -9 Receive cash from customers for services to be provided next January, $2,500. 10 One of Baker's trainers takes a part-time job at the zoo and earns a salary of $1,300. The zoo and Baker are separate companies. 11 Pay employees' salaries for the current month, $10,000. 12 Pay dividends to stockholders, $3,000. Note : = journal entry has been entered Recora entry Clear entry X X 12 View 2. & 3. Post each transaction to the appropriate T-accounts and calculate the balance of each account at December 31. (Hint: Be sure to include the balance at the beginning of December in each T-account.) Cash Supplies Beg. Bal. Beg. Bal. End. Bal. End. Bal. Prepaid Rent Equipment Beg. Bal. End. Bal. Buildings Accounts Payable Beg. Bal Beg. Bal. End. Bal. Beg. Bal ok Beg. Bal. End. Bal. Beg. Bal End. Bal. Beg. Bal. End. Bal. Beg. Bal End. Bal. Deferred Revenue Retained Earnings Service Revenue Advertising Expense Bog. Bal. End. Bal. Beg. Bal. End. Bal. Beg. Bal End. Bal. Bog. Bal End. Bal. Common Stock Dividends Salaries Expense Utilities Expense ok 4. Prepare a trial balance as of December 31. BAKER INCORPORATED Trial Balance December 31 Accounts Credit Cash Supplies Prepaid Rent Equipment Buildings Accounts Payable Deferred Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Utilities Expense Totals - $ Debit 0 $ 0