Required: 1. Indicate the accounting equation effects of each of the following item. Reference each transaction by date. (Enter any decreases to account balances with a minus sign.

2. Prepare journal entries to record each item. Reference each transaction by date. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 3. Identify at least two adjustments that DCC will be required to make before it can prepare a final income statement for December. (Select all that apply.)