Carl Draper is operating the training service business, Draper Consulting, in Sydney. He completed the following transactions during the month of December: Dec 1 Received $18,000 cash and a land valued at $90,000 by Carl Draper, the owner. Dec 3 Provided training service to the client at $18,000 and received 2/3 amount of cash immediately. Dec 5 Paid last-month salary to employee, $50,000. Dec 10 Paid cash for a Dell computer, $18,000. This equipment is expected to remain in service for five years. Dec 15 Officially launched a new branch in Melbourne. Dec 15 Borrowed money from ADT Bank for the future plan of investment at $60,000. Dec 17 Purchase supplies on credit, $900 Dec 19 Perform consulting service for a client on credit, $1,500 Dec 20 The secretary loaned money form Carl at $20,000. Dec 22 Acquired a new building for business office at $100,000, half paid cash immediately, half used from the loan of bank. Dec 30 Carl withdrew cash from the business for his personal petrol at $200. Dec 30 Paid full cash to the credit supplier on transaction Dec 17. Dec 31 Received the remaining cash from client that provided service on Dec 3. Dec 31 Received the electricity bill of $800 for December and the accountant promised to paid the first date of next month. Dec 31 Performed service for a client and received cash of $1,100