PROBLEM I

Anna Taylor started a new business, Taylor Gymnastics, and completed the following transactions during December

Dec. $1$ Anna contributed $$3,000$ cash in exchange for services provided

$2$ Received $$4,000$ cash from customers for services provided

$5$ Paid $$100$ cash for office supplies

$9$ Performed services for a customer and billed the customer for services rendered, $$3,000$

$10$ Received $$200$ bill for utilities due in two weeks

$15$ Paid for advertising in local paper, $$125$

$20$ Paid utility bill received on Dec. $10$

$25$ Collected cash from customer billed on Dec. $9$

$28$ Paid rent for the month, $$1,500$

$28$ Paid $$1,050$ to assistant for wages

$30$ Received $$2,800$ cash from customers for service performed

$31$ Cash dividends of $$2,000$ were paid to stockholders.

Using the accounting equation place the transactions in the spreadsheet provided.

ASSETS LIABILITIES EQUITY

Date Cash $+$ Accounts $+$ Office $=$ Utilities $+$ Common $$ Dividends $+$ Service $$ Rent $$ Adv $$ Utilities $$ Salary

Receivable Supplies Payable Stock Revenue Expense Expense Expense Expense

PROBLEM II

Using the transactions in Problem I prepare the Journalize Entries.

PROBLEM III

Using the transactions in Problem I, prepare T accounts and post the transactions to the accounts.