On Dec. 3, made a $9,000 payment on notes payable. Notes Payable Dec. 1 Dec. 3 Dec. 5 Dec. 15 Dec. 17 9,000 Cash Dec. 31 Dec. 3 On Dec. 1, common stock was issued to stockholders for $5,000. Cash Common Stock Dec. 3 Notes Payable Date Explanation Ref Cash Debit Credit Balance Date Explanation Ref Debit Credit Balance Cash Date Explanation Ref Debit Credit Balance Common Stock Date Explanation Ref Debit Credit Balance