Smart Touch Learning began operations on December 1. Record the business' transactions for the month of December. Explanations are not required. Refer to the Chart of Accounts for account titles.

0 Pearson ACT Corporations i act.pearsoncmg.com/activity/0/1/1 Smart Touch Learning began operations on December 1 by receiving $26,600 cash and furniture of a fair value of $11,800 from James Smith. The business issued Smith shares of common stock in exchange for this contribution. Date Accounts Paid $1,200 cash for a four-month insurance policy. The policy begins December 1. Date Accounts Debit Paid $550 cash for office supplies, December 4. Date Accounts Pearson ACT - Corporations act.pearsoncmg.com/activity/0/1/1 Performed services for a customer and received $2,200 cash, December 12. Date Accounts Debit Credit Completed a large job, billed the customer, $4,900, December 15. Date Accounts Debit Credit Paid employee salary, $2,900, December 18. Date Accounts Debit CreditPearson ACT - Corporations act.pearsoncmg.com/activity/0/1/1 Received $14,900 cash for performing services, December 20. Date Accounts Debit Credit Collected $4,700 in advance for a service to be performed later, December 22. Date Accounts Debit Credit Collected $4,900 cash from customer on account, December 23. Date Accounts Debit Credit VPearson ACT - Corporations act.pearsoncmg.com/activity/0/1/1 Received a $380 utility bill to be paid at a later time, December 27. Date Accounts Debit Credit Performed services on account, $600, December 28. Date Accounts Debit Credit Paid December's rent, $2,400, on December 29. Date Accounts Debit CreditPaid $380 on account, December 30. Date Accounts Debit Credit Cash dividends of $4,500 were paid to stockholders, December 31. Date Accounts Debit Credit