December 1	Receives $23,000 cash as an owner investment in exchange for common stock.
December 2	Pays $6,360 cash for equipment.
December 3	Pays $3,780 cash (insurance premium) for a 12-month insurance policy. Coverage began on December 1.
December 4	Pays $1,060 cash for December rent expense.
December 7	Provides all-day training services for a large group and immediately collects $1,250 cash.
December 8	Pays $215 cash in wages for part-time help.
December 9	Provides training services for $2,460 and rents training equipment for $630. The customer is billed $3,090 for these services.
December 19	Receives $3,090 cash from the customer billed on Dec. 9.
December 20	Purchases $2,030 of supplies on credit from a supplier.
December 23	Receives $1,660 cash in advance of providing a 4-week training service to a customer.
December 29	Pays $1,315 cash as a partial payment toward the accounts payable of Dec. 20.
December 30	Distributed a $515 cash dividend to the owner.

Information for month-end adjustments follows:

December 31	One month of the 12-month, $3,780 insurance policy is expired by December 31. This leaves $3,465 not yet expired.
December 31	A physical count of supplies on December 31 shows that only $1,215 of supplies remain of the $2,030 supplies purchased.
December 31	The $6,360 of equipment purchased at the beginning of December has a useful life of 5 years and will be worth nothing at the end of 5 years (60 months). The business uses straight-line depreciation to allocate the $6,360 net cost over 60 months. On December 31, 1 month of depreciation must be recorded.
December 31	The business agreed on December 23 to provide a 4-week training service to a customer for a fixed fee of $1,660 paid in advance. By December 31, the business has provided 1 of the 4 weeks of services and earned one-fourth of the fee. No revenue is yet recorded.
December 31	On December 31, wages of $615 are owed to a part-time employee for work done over the past 3 weeks. Those wages are not yet paid or recorded.
December 31	The business agreed to provide 6 weeks of training services to a customer for a fee of $4,290, or $715 per week. The customer agrees to pay the full $4,290 at the end of 6 weeks when services are complete. By December 31, 2 weeks of services have been provided, but the business has not yet billed the customer or recorded the 2 weeks of services provided.

Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. \begin{tabular}{|l|lr|r|} \hline \multicolumn{2}{|c|}{ LIABILITIES } & \\ \hline Current liabilities & $ & 0 & \\ \hline & $ & 0 & \\ \hline & $ & 0 & \\ \hline & & 0 & \\ \hline & & $ & 0 \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & $ & 0 \\ \hline \end{tabular}