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Prepare journal entries to record the Dec transaction: 1-Dec Began business by depositing $7500 in a bank account in the name of the company in

Prepare journal entries to record the Dec transaction:

1-Dec

Began business by depositing $7500 in a bank account in the name of the company in exchange for

750 shares of $10 per share common stock.

1-Dec

Paid the rent for the current month, $650 .

1-Dec

Paid the premium on a one-year insurance policy, $840 .

1-Dec

Purchased Equipment for $3600 cash.

5-Dec

Purchased office supplies from XYZ Company on account, $300 .

15-Dec

Provided services to customers for $6000 cash.

16-Dec

Provided service to customers ABC Inc. on account, $3400 .

21-Dec

Received $1800 cash from ABC Inc., customer on account.

23-Dec

Paid $170 to XYZ company for supplies purchased on account on December 5 .

28-Dec

Paid wages for the period December 1 through December 28, $5040 .

30-Dec

Declared and paid dividend to stockholders $200 .

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