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A dog training business began on December $1.$ The following transactions occurred during its first month.

December $1$ Receives $$30,000$ cash as an owner investment.

December $2$ Pays $$7,200$ cash for equipment.

December $3$ Pays $$4,200$ cash $($insurance premium$)$ for a $12-$month insurance policy. Coverage began on December $1.$

December $4$ Pays $$1,200$ cash for December rent expense.

December $7$ Provides all$-$day training services for a large group and immediately collects $$1,600$ cash.

December $8$ Pays $$250$ cash in wages for part$-$time help.

December $9$ Provides training services for $$2,600$ and rents training equipment for $$700.$ The customer is billed $$3,300$ for these services.

December $19$ Receives $$3,300$ cash from the customer billed on Dec. $9.$

December $20$ Purchases $$2,100$ of supplies on credit from a supplier.

December $23$ Receives $$1,800$ cash in advance of providing a $4-$week training service to a customer.

December $29$ Pays $$1,350$ cash as a partial payment toward the accounts payable of Dec. $20.$

December $30$ Withdrawal of $$550$ cash by the owner for personal use.

Information for month$-$end adjustments follows:

December $31$ one month of the $12-$month, $$4,200$ insurance policy is expired by December $31.$ This leaves $$3,850$ not yet expired.

December $31$ A physical count of supplies on December $31$ shows that only $$1,250$ of supplies remain of the $$2,100$ supplies purchased.

December $31$ The $$7,200$ of equipment purchased at the beginning of December has a useful life of $5$ years and will be worth nothing at the end of $5$ years $(60$ months$).$ The business uses straight$-$line depreciation to allocate the; $$7,200$ net cost over $60$ months. On December $31,1$ month of depreciation must be recorded.

December $31$ The business agreed on December $23$ to provide a $4-$week training service to a customer for a fixed fee of $$1,800$ paid in advance. By December $31,$ the business has provided $1$ of the $4$ weeks of services and earned one$-$fourth of the fee. No revenue is yet recorded.

December $31$ on December $31,$ wages of $$650$ are owed to a part$-$time employee for work done over the past $3$ weeks. Those wages are not yet paid or recorded.

December $31$ The business agreed to provide $6$ weeks of training services to a customer for a fee of $$4,500,$ or $$750$ per week. The customer agrees to pay the full $$4,500$ at the end of $6$ weeks when services are complete. By December $31,2$ weeks of services have been provided, but the business has not yet billed the customer or recorded the $2$ weeks of services provided.

$\backslash$table$[[$Requirement

$\backslash$table$[[$General$],[$Journal$]],\backslash$table$[[$General$],[$Ledger$]],$Trial Balance,$\backslash$table$[[$Income$],[$Statement$]],\backslash$table$[[$St Owners$],[$Equity$]],$Balance Sheet$]]$

General Journal tab $-$ Prepare journal entries for the first month of operations. Prepare any necessary adjusting and closing entries for the current month.

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