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Required information [T he following information applies to the questions displayed below] Thunder Cat Services specializes in training and veterinary services to household pets, such as dogs, birds, lizards, fish, horses, and of course, cats. After the rst 11 months of operations in 2021, Thunder Cat has the following account balances: THUNDER CAI SERVICES Trial Balance November 30, 2021 Accounts Debits Credits Cash $ 21,100 Supplies 3,200 Prepaid Rent 8,900 Equipment 82,000 Buildings 241,700 Accounts Payable $ 11,500 Deferred Revenue 5,400 Common Stock 126,700 Retained Earnings 78,900 Dividends 10,700 Service Revenue 265,700 Salaries Expense 66,700 Advertising Expense 19,900 Utilities Expense 34,000 Totals $488,200 $488,200 I The following transactions occur during December 2021: December 1- Throughout the month, Thunder Cat provides services to customers for cash, $29,100. (Hint: 31 Record the entire month's services in a single entry.) December 4 Purchase pet supplies on account, $4,600. December 8 Pay for fliers to be distributed to local residences to advertise the company's services, $4,900. December 9 Pay for supplies purchased on December 4. December 12 Issue additional shares of common stock for cash, $6,700. December 16 Pay cash on accounts payable, $8,000. December 19 Purchase equipment with cash, $9,400. December 22 Pay utilities for December, $6,200. December 24 Receive cash from customers for services to be provided next January, $4,000. December 27 One of Thunder Cat's trainers takes a part-time job at the zoo and earns a salary of $2,900. The zoo and Thunder Cat Services are separate companies. December 30 Pay employee salaries for the current month, $8,700. December 31 Pay dividends to stockholders, $4,700. Throughout the month, Thunder Cat provides services to customers for cash, $29,100. (Hint: Record the entire month's services in a single entry.) Purchase pet supplies on account, $4,600. Pay for fliers to be distributed to local residences to advertise the company's services, $4,900. Pay for supplies purchased on December 4. Issue additional shares of common stock for cash, $6,700. Pay cash on accounts payable, $8,000. 7 Purchase equipment with cash, $9,400. 8 Pay utilities for December, $6,200. 9 Receive cash from customers for services to be provided next January, $4,000. 10 One of Thunder Cat's trainers takes a part-time job at the zoo and earns a salary of $2,900. The zoo and Thunder Cat Services are separate companies. 11 Pay employee salaries for the current month, $8,700. 12 Pay dividends to stockholders, $4,700. 4. Prepare a trial balance as of December 31, 2021. Cash Prepaid Rent Buildings Accounts Payable Deferred Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Utilities Expense Totals
