\begin{tabular}{|l|l|l|} \hline Cash balance, December 1,2016 is $18,000 \\ Transactions \\ \hline Dec. & 1 & Common stock was issued to stockholders for $7,800 cash. \\ \hline 7 & Purchased equipment for $1,700 on account. \\ \hline 14 & Paid $19,900 cash for land. \\ \hline 17 & Paid cash expenses: office rent, $1,400;; employees' salaries, $1,200; utilities, $300. \\ \hline 23 & Paid cash dividends of $2,300. \\ \hline 26 & Earned service revenue for the month, $5,100, receiving cash. \\ \hline \end{tabular}