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The Business transactions during December are presented as follows: 1. Gray inversts 30 000 $ to begin Larson's Accounting Company. 2. Company received cash from

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The Business transactions during December are presented as follows: 1. Gray inversts 30 000 $ to begin Larson's Accounting Company. 2. Company received cash from clients for services, $4,500 3. Larson paid to creditors $500, 4. Paid office rent for the month of December, $750, 5. Company billed client for accounting services on account, $5,200 6. Supplies were purchased on account, $650, 7. Company received cash from clients billed previously, $1200 8. Larson received an invoice for office equipment repair services from Office Extra for December (the invoice will be paid next month), $850, 9. Larson paid monthly salaries, $2,700, 10.Utilities expense were paid, $280, 11. Miscellaneous expense were paid, $350, 12. Dividends were paid, $550. Prepare: 1-Accounting aquation 2-T-account 3- The Journal

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