Original transactions 1-Dec Borrow $10,000 from the local bank and sign a note promising to repay the full amount of the debt in three years 1-Dec Pay one year of rent in advance, $6,000 (5500 per month). 6-Dec Purchase supplies on account, $2,300. 17-Dec Provide soccer training to customers on account, $2,000 23-Dec Receive cash in advance for 12 soccer training sessions to be given in the future, $600 1. One month rent has expired 2. Physical cound of supplies reveals that only $1,300 of supplies remains 4 $200 of services have been provided. Related to Dec. 23 advance payament 55300 i salaries have been earned by employees for the final three days of the month. 6. utilities costs of $900 have been incurred but have not been paid Original transactions 1-Dec Borrow $10,000 from the local bank and sign a note promising to repay the full amount of the debt in three years 1-Dec Pay one year of rent in advance, $6,000 (5500 per month). 6-Dec Purchase supplies on account, $2,300. 17-Dec Provide soccer training to customers on account, $2,000 23-Dec Receive cash in advance for 12 soccer training sessions to be given in the future, $600 1. One month rent has expired 2. Physical cound of supplies reveals that only $1,300 of supplies remains 4 $200 of services have been provided. Related to Dec. 23 advance payament 55300 i salaries have been earned by employees for the final three days of the month. 6. utilities costs of $900 have been incurred but have not been paid