On December 1, Bob Waldo began an muto repair shop. Wakle's Gunity Automotive. The following December (Click the loon to view the transactions) The business uses the following account (Cick the loon to view the accounts.) Adjunten da: (Click the icon to view the adjusting data) Read the moments Requirement 1. Prepare the ouma entries, and post to the accounts Begin by preparing the journal entries for the December transactions, (Record dobits first, then credits. Select the explanation on the lastne of the journal entry table) Dea 1: Waldo contributed $70,000 cash to the business in exchange for shares of common stock Date Accounts and Explanation Debit Credit Dee Help Me Solve This Text Pages Get More Help Clear All Check Answer Previous Next MacBook Air 80 DOO 000 FS F7 FB 110 # 1 08 $ 4 % 5 & 7 * 8 6 9 0 Part 1 of 32 O Points: 0 of 5 M More Info X ccounts: bounts.) usting data.) a. Office Supplies used during the month, $1,800. b. Depreciation for the month, $200. c. One month insurance has expired. d. Accrued Interest Expense, $75. last line of the journal entry table.) Print Done More Help Clear All Che More Info Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Land; Equipment; Accumulated Depreciation-Equipment, Accounts Payable; Utilities Payable; Interest Payable; Uneamed Revenue; Notes Payable; Common Stock; Retained Earnings; Dividends; Income Summary; Service Revenue; Salaries Expense; Rent Expense; Utilities Expense; Advertising Expense; Supplies Expense; Insurance Expense; Interest Expense; and Depreciation Expense-Equipment Print Done ages Get More Help Cle More Info Dec. 28 Dec. 22 Paid $1,300 for advertising expenses. Dec. 26 Paid $900 on account. The business received a bill for utilities to be paid in January, $280. Dec. 31 Revenues eamed during the month included $16,000 cash and $3,600 on account Dec. 31 Paid employees' salaries $3,800 and building rent $1,200. Record as a compound entry Dec. 31 The business received $1.440 for auto screening services to be performed next month. Dec. 31 Paid cash dividends of $5,500 to stockholders. Question tr Print Done ar - X More Info ar Dec. 1 Waldo contributed $70,000 cash to the business in exchange for shares of common stock Dec. 1 Purchased $12,000 of equipment paying cash. Dec. 1 Paid $1,750 for a five-month insurance policy starting on December 1, Dec. 9 Paid $20,000 cash to purchase land to be used in operations. Dec. 10 Purchased office supplies on account, $2,800, Dec. 19 Borrowed $15,000 from the bank for business use. Waldo signed a note payable to the bank in the name of the corporation. The note is due in five years. Dec. 22 Paid $1,300 for advertising expenses. htry table.) Print Done