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On December 1, Sylvia Workman started a haireutting business called Expressions. She invested $10,000 cash and $15,000 of equipment in the 2. company. On December

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On December 1, Sylvia Workman started a haireutting business called Expressions. She invested $10,000 cash and $15,000 of equipment in the 2. company. On December 1, Expressions purchased with cash a one-year insurance policy for the business. It cost $1200. 3. On December 2, Expressions paid $600 cash for furniture for the shop. 4. On December 3, Expressions paid $500 cash to rent space in a strip mall for December. 5. On December 4, it purchased S1200 of equipment on credit for the shop (using a long-term note payable) On December 5, Expressions opened for business. Cash received from services provided in the first week and a half of business (ended December 15) is $825. 6. 7. On December 15, it provided S100 of haircutting services on account. 8. On December 17, it received a $100 check for services previously 9. On December 17, it paid S125 to an assistant for working during the 10. Cash received from services provided during the second half of December 11. 12. rendered on account. grand opening. is $930 On December 31, it paid a $400 installment toward principal on the note payable entered into on December 4. On December 31, Workman made a $900 cash withdrawal for personal use. A. Prepare journal entries for the transactions listed above. B. Post each entry to a General Ledger account. C. Prepare a trial balance as of December 31

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