Dec.Dec.	1		WaverlyWaverly contributed $ 50 comma 000$50,000 cash to the business in exchange for shares of common stock.
	1		Purchased $ 9 comma 000$9,000 of equipment paying cash.
	1		Paid $ 1 comma 800$1,800 for a ninenine -month insurance policy starting on DecemberDecember 1.
	9		Paid $ 30 comma 000$30,000 cash to purchase land to be used in operations.
	10		Purchased office supplies on account, $ 2 comma 500$2,500.
	19		Borrowed $ 10 comma 000$10,000 from the bank for business use. WaverlyWaverly signed a note payable to the bank in the name of the corporation. The note is due in five years.
	22		Paid $ 1 comma 900$1,900 for advertising expenses.
	26		Paid $ 800$800 on account.
	28		The business received a bill for utilities to be paid in JanuaryJanuary , $ 180$180.
	3131		Revenues earned during the month included $ 18 comma 000$18,000 cash and $ 3 comma 900$3,900 on account.
	3131		Paid employees' salaries $ 3 comma 700$3,700 and building rent $ 800$800. Record as a compound entry.
	3131		The business received $ 1 comma 050$1,050 for auto screening services to be performed next month.
	3131		Paid cash dividends of $ 4 comma 000$4,000 to stockholders.