NOSZ ACTIVITY 1: Journalize the given transaction(individual) 1. 2. 3. a 4. 5. 6. 7. On December 1, 2019, Mr. Donald Graystarted Gray Electronic Repair Services by investing $10,000 On December 5, Gray Electronic Repair Services paid registration and licensing fees for the business, $370 On December 6, the company acquired tables, chairs, shelves, and other fixtures fora total of $3,000. The entire amount was paid in cash. On December 7, the company acquired service equipment for $16,000. The company paid a 50% down payment and the balance will be paid after 60 days. Also on December 7, Gray Electronic Repair Services purchased service supplies on account amounting to $1,500. On December 9, the company received $1,900 for services rendered. On December 12, the companyrendered services on account, $4,250.00. As peragreement with the customer, the amount is to be collected after 10 days On December 14, Mr. Gray investedan additional $3,200.00 into the business Rendered services to a big corporation on December 15. As per agreement, the $3,400 amount due will be collected after 30 days On December 22, the company collected from the customer in transaction #7 On December 23, the company paid some of its liability in transaction #5 by issuing a check On December 25, the owner withdrew cash due to an emergencyneed. Mr. Gray withdrew $7,000 from the company On December 29, the companypaid rent for December $1,500 On December 30, the companyacquired a $12,000 short-term bank loan, the entire amount plus a 10% interest is payable after 1 year On December 31, the company paid salaries to its employees, $3,500. 8. 9. 10. 11. 12. 13. 14. 15