please complete these transactions using the account list that is supplied.

Comprehensive Computer Program, Page 6 The Corporation performs adjusting entries monthly. Closing entries are performed annually on December 31. During December the following transactions occurred: Issued 20,000 shares of capital stock to Paula Petersen Dec. 1 total of $40,000 cash. and other investors in exchange for a Dec. 1 Prepaid Rent for the entire amount). Paid $9,600 to Mages Realty for 12 months rent paid in advance. (Use the Asset account: count Dec. 2 Plumbing Equipment). Paid s,000 in cash with the balance due on a Note interest due in 6 months). Purchased plumbing repair equipment and tools from Host Corp. for $15,000 (use the ac Payable (principal and Purchased office supplies on Account from Clousers for $1,000. Payment is due in 15 days. Dec. 4 These supplies are expected to last for several months. Dec. 5 Purchased a 6 month business Insurance Policy for S1,200 from the Seyler Agency (use the Asset account Unexpired Insurance for the entire amount) Dec. 10 Received $4,000 cash from the Wink Apartment Complex in Exeter Township as advance yment for services to be provided. (Use the Liability account: Unearned Plumbing Fees.) Dec. 16 Paid employee salaries for the first two weeks of December, $2,000. Dec. 16 Earned $7,500 in fees for plumbing repairs completed in the first two weeks of December. $3,000 was received in cash and the remainder was billed to PPI's customers on Account (due in 10 days.) Dec. 19 Paid the amount due to Clousers on account from the Dec. 4th purchase. Dec. 26 Received amount due on account from the December 16h billing. Dec. 27 PPI was named, along with Mages Agency, as a co-defendant in a S15,000 lawsuit filed on behalf of Joseph Walker. Walker slipped on ice outside of the shop and broke his leg. The extent of the Corporation's legal and financial responsibility, if any, can not be determined at this time. (Note: this event does not need a journal entry at this time, but may require disclosure in the notes accompanying the financial statements Dec. 30 Received a phone bill for the month of December from Sprint in the amount of $300. The amount is due on January 15, 2017 Dec. 30 Declared a cash dividend of $.05 (5 cents) per share, payable on January 15, 2017. Dec. 31 Earned $9,000 in fees for plumbing repairs provided for the second two weeks of December $4,000 was received in cash and the remainder was billed to PPI's customers on Account (due in 12 days.)