Dec. 1 The company acquired land for 5100,000 issuing a ncese payble. Dec. 2 Memberships were sold os account for $50,000 Dec, 5 Equipment is acquired for 530,000 cash Dec. 16 Salaries for the first balf of December anounting 10510,000 were pas in call. Dec. 20 Utilities for the first half of December were reconded in tes amount of 55000 , nos will te pos on liumer? Life-Long's accounting equation at the end of Decernber would be $140,000=$105,000+$35,000$100,000=$70,000+$30,000$140,000=$100,000+$40,000$150,000=$100,000+$0,000