Cash balance, December 1, 2016 is $18,600 Transactions Dec 1 The owner contributed an additional $7,900 cash to the business in exchange for capital. 7 Purchased equipment for $1,900 on account. 14 Paid $20,000 cash for land. 17 Paid cash expenses: office rent, $1,500, employees salaries, $1,500; utilities $100. 23 The owner withdrew $2,500. 26 Earned service revenue for the month, $4,800, receiving cash. ova SMART TOUCHLEANONG och Month Ended Cash flows from Payments Netch provided used by Cashows from Necat provided used by Cash flows from Font cash provided used by in decrease in cash Cance December 2016 ship - Google Chrome ity/8/4/2 Month Ended December 3, 2016 Cash flows from Receipts Cantan Payments Porn Netcash provided used by ve Cash flows from Netcash provided based by Cash flows from Net cash provided used by Net increase decrease in cash Cash balance December 1, 2016 Cash balance, December 31, 2016