Check my work mode: This Transaction: Where can you go to find each of your answers? December 1-Gourmet Menus receives $36,000 cash from Ed Egert in exchange for common stock. December 2-Pays $2,800 cash for supplies. December 3-Pays $32,000 cash for equipment. December 4-Purchases $7,600 of supplies on credit from a supplier. December 5-Provides consulting services and immediately collects $4,500 cash. December 6-Pays $1,300 cash for December rent. December 7-Pays $1,000 cash for employee salary December 8-Provides consulting services of $1,900 and rents its test facilities for $600. The customer is billed $2,500 for these services. December 9-Receives $2,500 cash from the client billed on December 8. December 10-Pays CalTech Supply $1,200 cash toward the payable from December 4. December 11-Gourmet Menus pays $500 cash for dividends. December 12-Receives $3,300 cash in advance of providing consulting services to a customer. December 13-Pays $2,700 cash (insurance premium) for a 24-month insurance policy. Coverage begins on December 1. December 14-Pays $420 cash for supplies. December 15-Pays $605 cash for December utilities expense. December 16-Pays $850 cash in employee salary for work performed in the latter part of December. + Total Net Income Assets Total Liabilities rotar Equity Income Balance Balance Balance statement sheet sheet sheet S 0 S 36,000 S 0 S 36,000 36,000 0 36,000 0 36,000 0 36,000 00 7,600 4,500 1 of 2 Next >