The Business transactions during December are presented as follows:

1.Gray invests 30 000 $ to begin Larsons Accounting Company . 2.Company received cash from clients for services, $4,500

3.Paid office rent for the month of December, $750,

4.Company billed client for accounting services on account, $5,200 5.Supplies were purchased on account, $650,

6.Company received cash from clients billed previously, $1200

7.Larson received an invoice for office equipment repair services from Office Extra for December (the invoice will be paid next month), $850,

8.Larson paid monthly salaries, $2,700, 9.Utilities expense were paid, $280, 10.Miscellaneous expense were paid, $350, 11.Dividends were paid, $550.

- Prepare : 1- The accounting equation, T-Account, Journal, Ledger