GL 2-8 (Algo) Complete the steps in the measurement of external transactions (LO23, 24)

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 2024, Thunder Cat has the following account balances:

THUNDER CAT SERVICES
Trial Balance
November 30, 2024
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

The following transactions occur during December 2024:

December 4	Purchase pet supplies on account, $4,600.
December 8	Pay for fliers to be distributed to local residences to advertise the companys services, $4,900.
December 9	Pay for supplies purchased on December 4.
December 11	Thunder Cat provides services to customers for cash, $29,100.
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 Cats 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.