PLEASE HELP !!! A dog training business began on December 1. The following transactions occurred during its first month. December 1 Receives $31,000 cash as an owner investment. December 2 Pays $7,320 cash for equipment. December 3 Pays $4,260 cash (insurance premium) for a 12-month insurance policy. Coverage began on December 1. December 4 Pays $1,220 cash for December rent expense. December 7 Provides all-day training services for a large group and immediately collects $1,650 cash. December 8 Pays $255 cash in wages for part-time help. December 9 Provides training services for $2,620 and rents training equipment for $710. The customer is billed $3,330 for these services. December 19 Receives $3,330 cash from the customer billed on Dec. 9. December 20 Purchases $2,110 of supplies on credit from a supplier. December 23 Receives $1,820 cash in advance of providing a 4-week training service to a customer. December 29 Pays $1,355 cash as a partial payment toward the accounts payable of Dec. 20. December 30 Withdrawal of $555 cash by the owner for personal use. Information for month-end adjustments follows: December 31 One month of the 12-month, $4,260 insurance policy is expired by December 31. This leaves $3,905 not yet expired. December 31 A physical count of supplies on December 31 shows that only $1,255 of supplies remain of the $2,110 supplies purchased. December 31 The $7,320 of equipment purchased at the beginning of December has a useful life of 5 years and will be worth nothing at the end of 5 years (60 months). The business uses straight-line depreciation to allocate the $7,320 net cost over 60 months. On December 31, 1 month of depreciation must be recorded. December 31 The business agreed on December 23 to provide a 4-week training service to a customer for a fixed fee of $1,820 paid in advance. By December 31, the business has provided 1 of the 4 weeks of services and earned one-fourth of the fee. No revenue is yet recorded. December 31 On December 31, wages of $655 are owed to a part-time employee for work done over the past 3 weeks. Those wages are not yet paid or recorded. December 31 The business agreed to provide 6 weeks of training services to a customer for a fee of $4,530, or $755 per week. The customer agrees to pay the full $4,530 at the end of 6 weeks when services are complete. By December 31, 2 weeks of services have been provided, but the business has not yet billed the customer or recorded the 2 weeks of services provided. General Ledger Income Statement St Owners Equity Prepare the required journal entries, adjusting entries, and closing entries. Requirement No General Journal Date Answer is not complete. --- 24 Trial Balance Account Title Balance Sheet Post Closing Debit Credit

The unadjusted or adjusted balances will appear for each account, based on your selection. (Selecting Post-Closing will only display ending capital.) Use the drop-downs to select the accounts properly included on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. (8) Answer is not complete. Prepare the required journal entries, adjusting entries, and closing entries. Begin by selecting "Post-closing" from the drop-down below. Then, for each account, use the drop-down to indicate whether the account is included on the post-closing trial balance. Based on your decisions, the post-dosing trial balance will be created. Compare your results with the Trial Balance tab. Post-closing A dog traineng business began on December 1 . The followng transactions occurred during its first month Oecember 1 Recelves $31, vol cash as an ower Investeent. December 2 Pays 57,320 cash for equlpoent. Decenbee 3 Pays $4,260 cash (Insurance prentus) for a 12-hoeth Insurance policy. Coverage brean en Decenter 1. Deceeber 4 Pass 51,220 cash for December rent expense. December 7 Provibes all-day training services for a lorge eroup aod innediately collects 51,650 cash. Decenber if Pays 5255 cash in wages for part-1ine belp. Deceaber 9 Provides training services for 52,620 and rents training equipoent for $710. the custoner is b11led $3,390 for these services. Decenber 19 Recelves 53,330 cash fron the custoter bliled on Dec. 9. Decenber 20 Purchases 52,110 of supplies on credit fron a supolier. Decenter 23 Recelves $1,320 cash in advance of prowiding a 4 -week tralning service to a custaner. Decenber 29 Pays 31 ; 355 cash as a partial payment toward the accounts payable of Dec. 20. Deceaber 30 ittharaul of 5555 cash by the ouner for personat use. Information for month-end odjustments follows: Deceaber 31 the 57,320 of equipment purchased at the becinning of Decetber bas a wefiul Iife of 5 years and wirl be worth nothing at the end of 5 years (6a sonths). The business uses straleht-1ine drpiectation to a1locate the 57,320 ret cost over. 60. months. On Oecenber 31,2 month of depreciation must be recorses. Decenber 31 The business agreed on Decenber 23 to provide a 4ineck training service to a custoner for a fiked fee of 11 , azo paid in advace. by Oecenber 31, the business has provided 1 of the 4 weeks of services and earned one-tourth of the fee, 10 revehue is yet recorded. Decenber 31 On Decenber 31 , wages of 5655 are owed to a part-time enployee foe work done over the bost 3 wreks. Those wages are not yet paid of recorded. Decenber 31 The business agreed to provide 6 weeks of tralnine services to a custoner for a fee of s4,53e, or s75s ber wek. The custoner a grees to poy the fu12 54,530 at the end af 6 . weeks when iervices are coeplete. Dy Decenber 31 , 2 weeks of provided. ^) Answer is not complete. Prepare the required journal entries, adjusting entries, and closing entries