Dec. 1 Issued 10,000 shares of capital stock to Aaron Hillman and other investors in exchange for a total of $45,000 cash. Dec. 1 Paid $14,400 to Boothe Realty for 12 months rent paid in advance. (Use the Asset account: Prepaid Rent for the entire amount). Dec. 2 Purchased office equipment and furnishings from Edwards Corp. for $12,000 (use the account Office Equipment and Furnishings). Paid $4,000 in cash with the balance due on a Note Payable (principal and interest due in 6 months). Dec. 4 Purchased office supplies on Account from Trackers for $1,400. Payment is due in 20 days. These supplies are expected to last for several months. Dec. 5 Purchased a 12 month business Malpractice Insurance Policy for $1,200 from the Cruise Agency (use the Asset account Unexpired Malpractice Insurance for the entire amount). Dec. 10 Received $3,000 cash from the Sweet & Fancy Cupcakes in West Reading as advance payment for services to be provided. (Use the Liability account: Unearned Accounting Fees.) Dec. 16 Paid employee salaries for the first two weeks of December, $1,200