St. Thomas Yacht Services, Inc. had the following transactions during its first month of operations: Dec 2 Borrowed $45,000 from First Bank after signing a 10 year, 4% promissory note. Payments are due on the last day of the month. Dec 4 Journalized the issuance of $65,000 of $1 par value common stock at par. Dec 7 Signed lease and paid the landlord $1,300 rent for the first month. Dec 8 Purchased $13,000 of office furniture on account. Dec 9 Created marketing materials, including a logo. Dec 12 Purchased a one year insurance policy for $2,100. Dec 15 Purchased $1,300 of cleaning supplies on account. Dec 17 Hired 3 employees, who will be paid $10 per hour. Dec 18 Paid $315 to have marketing materials printed. Dec 22 Three employees were sent to distribute marketing materials along Pier 8. Dec 23 Detailed 8 sailboats competing in the Maxi Yacht Rolex Cup this March. The bookkeeper sent an invoice for $14,000. Dec 25 Received $4,000 in deposits to clean two 63 foot yachts. Complete Step 1 of the Accounting Cycle: Analyze transactions. If no journal entry is required for a date, enter that in both account positions, and leave account type and increase/decrease blank