Suppose a company decides to sell items on the Internet. On December 30^th, 2020, the company receives a check for $80 for an order. The items do not ship until January 2^nd, 2021.

Suppose Risky Company paid $2,400 for 1 year of insurance coverage, beginning on October 1, the date of Riskys payment to the insurance company. Provide the entries in terms of the accounting equation for 12/31/2020 as well.

Required:

-Enter each transaction for the date specified in terms of the accounting equation, in the table provided.

-then, directly below each table, enter the transaction in terms of debits and credits.