The following are the December transactions for Zion Company: December 1 - Signed a loan for $$30,000 December 2 - Stockholders invested $50,000 in Zion Co. December 5 - Paid $750 to the bank on a loan and paid $450 in interest. December 11 - Paid a $375 utility bill that was received and recorded in November December 12 - Purchased $180 of office supplies on account. December 18 - Provided services to a client for $2,200. December 27 - Received a utilities bill for $585 for utilities used during December that is due in March. December 28 - Paid cash dividends of \$100 to stockholders. December 30 - Paid for office supplies purchased on December 12. a. Write each of the accounts affected by each transaction and how they are affected. For example: Paid \$500 cash to purchase office supplies. Answer: [cash (current asset) decreased $500; supplies (current asset) increased $500] b. Prepare an income statement, statement of retained earnings \& balance sheet for December. (Financial statements are created for all transactions for the entire fiscal year.) c. Prepare journal entries for each transaction.|