D Use the following information for questions 28 through 33: Company X began business on December 1, 2020 and had the following transactions in the month of December: Dec 1 - Sold Common Stock to shareholders for $50,000 Dec 1 - Hired an office manager, to be paid a monthly salary of $2,000. Dec 1 - Paid $6,000 cash in advance for 3 months of rent Dec 3 - Purchased 84.000 of supplies on account. Payment is due in full by January 31 Dec 6 - Provided services for $10,000 total. $6,000 of tho salos was paid in cash and 4,000 on account. The receivables are due by the end of February Dec 10 - A customer paid $2,000 of the cash due from the 12/6 transaction, Dec 27 - Made a $3,000 cash payment for the supples previously purchased on account on 12/3 Dec 30 - Paid the office manager's salary for December Dec 30 - Declared and paid $1,000 of dividends Dec 31. tried to count the supplies and realized all of them had been used. Noter. Assume the company makes adjusting entries at the end of every month. Hint: You may want to use Taccounts and write out ouma entries. Question 21 3 pts MacBook Pro go 2 $ 4 . 3 5 6 & 7 8 9 w E 20 T Y C 1 P S D F G H C K X C V B > N M V - The balance in Accounts Receivable on December 31 is: $2,000 $1,000 ($4,000) none of these $4,000 Question 22 Total liabilities at December 31 are: $5,000 none of these $1,000 $0 $2,000 MacBook Pro Net Income for December is: $1,000 $0 $6,000 $3,000 $2,000 Question 24 Which of the following is not part of the entry that relates to December 6 debit to Accounts Receivable credit to Sales Revenue credit to unearned revenue debit to Cash debit to Cash Question 25 The entry for the December 30th dividend transaction would: decrease equity increase equity decrease equity and increase expenses decrease equity and have no effect on income have no effect on income Use the following information for the next two questions: You are provided with the following information for Company X: All accounts have normal (positive) balances