Dec. 1 on December 1, Chas Taylor forms a consulting business, named FastForward. FastForward receives $30,eee cash from Chas Taylor as an owner contribution. Dec. 2 FastForward pays $2,5ee cash for supplies. The company's policy is to record all prepaid expenses in asset accounts. Dec. 3 FastForward pays $26,eee cash for equipment. Dec. 4 Fast Forward purchases $7,1ee of supplies on credit from a supplier, CalTech Supply. Dec. 5 FastForward provides consulting services and immediately collects $4,200 cash. Dec. 6 FastForward pays $1,eee cash for December rent. Dec. 7 FastForward pays $700 cash for employee salary. Dec. 8 FastForward provides consulting services of $1,6ee and rents its test facilities for $300. The customer is billed $1,900 for these services. Dec. 9 FastForward receives $1,900 cash from the client billed on December 8. Dec. 10 FastForward pays CalTech Supply $900 cash as partial payment for its December 4 $7,100 purchase of supplies. Dec. 11 Chas Taylor withdraws $200 cash from Fast Forward for personal use. Dec. 12 FastForward receives $3,000 cash in advance of providing consulting services to a customer. The company's policy is to record fees collected in advance in a balance sheet account. Dec. 13 FastForward pays $2,400 cash insurance premium) for a 24-month insurance policy. Coverage begins on December 1. The company's policy is to record all prepaid expenses in a balance sheet account. Dec. 14 FastForward pays $12e cash for supplies. Dec. 15 FastForward pays $3es cash for December utilities expense. Dec. 16 FastForward pays $700 cash in employee salary for work performed in the latter part of December