Transactions \begin{tabular}{|c|l|} \hline Dec. & Issued common stock for $23,900 cash. \\ \hline 2 & Billedclientsfor$11,700ofworkperformed. \\ \hline 3 & Receivedpaymentof$8,400inadvanceforworktobeperformed. \\ \hline 5 & Paidrentinadvanceof$11,100tocoverDecemberthroughMarchrent. \\ \hline 15 & Boughtfurniture,paying$4,300cashand$7,200notespayable. \\ \hline 15 & Received$4,400fromaccountsreceivable. \\ \hline 31 & Incurred salaries expense of $18,600 to \\ be paid at a future date. \end{tabular} 31 Paid $4,500 in Dividends. Salaries Expense \begin{tabular}{|l|l|l|} Date Explanation Balance & Rebit \\ Balance & 0 \end{tabular}