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The following items present a sample of business activities involving Dry Cleaner Corporation (DCC) for the year ended December 31. DCC provides cleaning services for individual customers and for employees of several large companies in the city

1. Indicate the accounting equation effects of each of the following item. Reference each transaction by date. (Enter any decreases to account balances with a minus sign.)

2. Prepare journal entries to record each item. Reference each transaction by date. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

3. Identify at least two adjustments that DCC will be required to make before it can prepare a final income statement for December. (Select all that apply.)

Thank you very much

the questions displayed below he following items present a sample of business activities involving Dry Ceaner Corporation DCaTo the year ended December 31. DCC provides cleaning services for Individual customers employees of and for several large companies In the city Dec 1: DCC's owner pald $8400 cash to acquire 28o ofDcc's common shares. Dec 7: DCC ordered cleaning supplies at a total cost of $1,680. The supplles are expected to be received in early January. Dec 17: Customers pald $215 cash to Dcc to obtain Dcc gift cards that they could use to obtain future cleaning services at no additional cost. Dec 21: DCC ran advertising In the local newspaper today at a total cost of $530. DCC ls not required to pay for the advertising until January 21. Dec 22: DCC pald $1.350 to the landlord for January rent. Dec 23: DCC's owner sold 10 of his own Dss common shares to a private Investor, at a selling price of $380. Dec 28: DCC pald in full for the advertisIng run In the local newspaper on December 21. Dec 29: The cleaning supplies ordered on December 7 were recerved today. DCC does not have to pay for these supplles until January 29. Dec 31: Today, DCC completed cleaning services for several large companles at a total price of $2,450. The companies are expected to pay for the services by January 31