December 1 Receives $36,000 cash as an owner investment. December 2 Pays $7,920 cash for equipment. December 3 Pays $4,560 cash (insurance premium) for a 12-month insurance policy. Coverage began on December 1. December 4 Pays $1,320 cash for December rent expense. December 7 Provides all-day training services for a large group and immediately collects $1,900 cash. December 8 Pays $280 cash in wages for part-time help. December 9 Provides training services for $2,720 and rents training equipment for $760. The customer is billed $3,480 for these services. December 19 Receives $3,480 cash from the customer billed on Dec. 9. December 20 Purchases $2,160 of supplies on credit from a supplier. December 23 Receives $1,920 cash in advance of providing a 4-week training service to a customer. December 29 Pays $1,380 cash as a partial payment toward the accounts payable of Dec. 20. December 30 Withdrawal of $580 cash by the owner for personal use. Information for month-end adjustments follows: December 31 One month of the 12-month, $4,560 insurance policy is expired by December 31. This leaves $4,180 not yet expired. December 31 A physical count of supplies on December 31 shows that only $1,280 of supplies remain of the $2,160 supplies purchased. December 31 The $7,920 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 $7,920 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 $1,920 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 $680 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 $4,680, or $780 per week. The customer agrees to pay the full $4,680 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. Requirement General Journal Post-closing General Ledger Trial Balance Income Statement Income Statement For Month Ended December 31 St Owners Equity Use the drop-downs to select the accounts properly included on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Balance Sheet Post Closing

Decenber 1 Receives $36,000 cash as an owner investment. Decenber 2 pays $7,920 cash for equipment. December 3 Pays $4,560 cash (insurance premium) for a 12-month insurance policy. Coverage began on Decenber 1. December 4 Pays $1,320cash for December rent expense. December 7. Provides all-day training services for a large group and immediately collects $1,900 cash. December 8 Pays $280 cash in wages for part-time help. December 9 Provides training servicen for $2,720 and rents training equipment for $760. The customer 13 billed $3,480 for these services. December 19 Receives $3,480 cash from the customer bilied on Dec. 9 . December 20 Purchases $2,160 of supplies on eredit from a supplier. December 23 Recelves $1,920 cash in advance of providing a 4-week training service to a customer. December 29 pays $1,380 cash as a partial payment toward the accounts payable of Dec. 20 . Decenber 30 Withdrawal of $580 cash by the owner for personal use. Information for month-end adjustments follows: December 31 One month of the 12 -month, $4,560 insurance policy is expired by December 31 . This 1 eaves $4,180 not yet expired. Decenber 31 A plysical count of supplies on December 31 shows that only $1,280 of supplies remain of the $2,160 supplies purehased. December 31 the $7,920 of equipment purchased at the beginning of December has a useful 11 fe of 5 years and will be worth nothing at the end of 5 years ( 60 months). The business uses straight-1ine depreciation to allocate the $7,920 net cost over 60 months. On December 31,1 month of depreciation must be recorded. Decenber 31 The business agreed on December 23 to provide a 4-week training service to a custoner for a fixed fee of $1,920 paid in advance. By Decenber 31, the businesa has provided 1 of the 4 weeks of services and earned one-fourth of the fee. No revenue is yet recorded. December 31 On Decenber 31 , wages of $680 are owed to a part-time employee for work done over the past 3 weeks. Those Decenber 31 , The businens agreed to provide 6 weeks of training services to a customer for a fee of $4,680, or $780 per week. The customer agrees to pay the full $4,680 at the end of 6 weeks when services are complete. By Decenber 31, 2 weekil 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 income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection