Transaction Date Description 12/1 Issued 100,000 shares of common stock for $100,000 A retail space is rented. Paid for one year of rent in advance totaling $24,000. (rent is $2,000 per month) 12/4 12/5 Purchased S1,500 of supplies on account. 12/7 Provided services to customers for cash totaling $5,000. 12/9 Purchased equipment for the business totaling $36,000 4 Purchased an ad in the local newspaper to run d Customers purchased $1,000 of gift certificates for services to be Paid employee salaries for the first half of December totaling uring December for $400. provided in the future (pre-paid for future services) 12/15 S1,200 12/17 Paid $1,000 for the supplies that were purchased on December 5t 2/20Provided $2,500 of services to customers on account. 12/25Paid a cash dividend of $800 to the shareholders 10 12 12/30 Received S1,500 on account for services provided on 12/20