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financial accounting 5th Edition Required Information [The following information applies to the questions displayed below.] Thunder Cat Services specializes in training and veterinary services to

financial accounting 5th Edition
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Required Information [The 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 first 11 months of operations in 2021, Thunder Cat has the following account balances: THUNDER CAT SERVICES Trial Balance November 30, 2021 Accounts Debits Credits Cash $ 20,109 Supplies 2,200 Prepaid Rent 7,980 Equipment 83,000 Buildings 240,700 Accounts Payable $ 10,500 Deferred Revenue 3,400 Common Stock 125,700 Retained Earnings 76,989 Dividends 9,700 Service Revenue 264,789 Salaries Expense 65,700 Advertising Expense 18,900 Utilities Expense 33,000 Totals $481,200 $481,200 The following transactions occur during December 2021 December 1- Throughout the month, Thunder Cat provides services to customers for cash, 31 $28,100. (Hint: Record the entire month's services in a single entry) December 4 Purchase pet supplies on account, $3,600. December 8 Pay for fliers to be distributed to local residences to advertise the company's services, $3,900. December 9 Pay for supplies purchased on December 4. December 12 Issue additional shares of common stock for cash, $5,708. December 16 Pay cash on accounts payable, $7,000. December 19 Purchase equipment with cash, $8,400. December 22 Pay utilities for December, 55,200. December 24 Receive cash from customers for services to be provided next January, $3,000. December 27 One of Thunder Cat's trainers takes a part-time job at the zoo and earns a salary of $1,900. The zoo and Thunder Cat Services are separate companies. December 30 Pay employee salaries for the current month, $7,700. December 31 Pay dividends to stockholders, 53,700. Required: 1. Record each transaction

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