Oceanic Incorporated, specializes in training and veterinary services for household pets, such as cats, dogs, birds, lizards, and fish. After the first 11 months of operations in 2024, Oceanic has the following account balances:

OCEANIC INCORPORATED

Trial Balance

November 30, 2024

Accounts (Debits) (Credits)

Cash $20,100 (d)

Supplies 2,200(d)

Prepaid Rent 7,900(d)

Equipment 83,000 (d)

Buildings 240,700(d)

Accounts Payable $10,500 (C)

Deferred Revenue 3,400 (C)

Common Stock 125,700 (C)

Retained Earnings 76,900(C)

Dividends 9,700(d)

Service Revenue 264,700 (C)

Salaries Expense 65,700(d)

Advertising Expense 18,900 (d)

Utilities Expense 33,000(d)

Totals $481,200(d) $481,200(C)

The following transactions occur during December 2024:

December 4	Purchase pet supplies on account, $3,600.
December 8	Pay for fliers to be distributed to local residences to advertise the companys services, $3,900.
December 9	Pay for supplies purchased on December 4.
December 11	Oceanic provides services to customers for cash, $28,100.
December 12	Issue additional shares of common stock for cash, $5,700.
December 16	Pay cash on accounts payable, $7,000.
December 19	Purchase equipment with cash, $8,400.
December 22	Pay utilities for December, $5,200.
December 24	Receive cash from customers for services to be provided next January, $3,000.
December 27	One of Oceanics trainers takes a part-time job at the zoo and earns a salary of $1,900. The zoo and Oceanic are separate companies.
December 30	Pay employee salaries for the current month, $7,700.
December 31	Pay dividends to stockholders, $3,700.

Required: 1. Record each transaction. 2. & 3. Post each transaction to the appropriate T-accounts and calculate the balance of each account at December 31, 2024. (Hint: Be sure to include the balance at the beginning of December in each T-account.) 4. Prepare a trial balance as of December 31, 2024.