Dec. 1 Issued to Susan and Jessie 50,000 shares of capital stock in exchange for a total of $250,000 cash Dec. 1 Purchased a building near the beach for $360,000 - the purchase was with $150,000 in cash and a 2 year note payable at 5% interest per annum. Dec. 1 Office and cleaning supplies were purchased for $8,000. Payment due in 30 days. The owners believe these supplies will last for the year. Dec 1 Purchased a yearly on-line accounting system for $1,500 with cash. Dec 4 Filled the oil tank for heat, the cost was $1,000 on account. Dec 5 Received $6,000 from Massage Therapy Inc. in prepaid rent for six months of rent, covering the period from January to June. Dec 6 Paid for one year of insurance at $9,000 with cash. December 10 Hosted a wedding party for the weekend for a fee of $20,000 on account. December 14 Recognized bi-weekly service fees earned of $5,600, all paid in cash. December 14 7500