December 3 Pays \(\$ 3,960\) cash (insurance premium) for a 12-month insurance policy. Coverage began...

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Accounting

December 3 Pays \(\$ 3,960\) cash (insurance premium) for a 12-month insurance policy. Coverage began on December 1. December 4 Pays \(\$ 1,120\) cash for December rent expense.
December 7 Provides all-day training services for a large group and immediately collects \(\$ 1,400\) cash.
December 8 Pays \(\$ 230\) cash in wages for part-time help. I NEED TO KNOW IF MY ANSWERS ARE RIGHT AND THE CORRECT ANSWERS please and thank you
December 9 Provides training services for \(\$ 2,520\) and rents training equipment for \(\$ 660\). The customer is billed \(\$ 3,180\) for these services.
December 19 Receives \(\$ 3,180\) cash from the customer billed on Dec. 9.
December 20 Purchases \(\$ 2,060\) of supplies on credit from a supplier.
December 23 Receives \(\$ 1,720\) cash in advance of providing a 4-week training service to a customer.
December 29 Pays \(\$ 1,330\) cash as a partial payment toward the accounts payable of Dec. 20.
December 30 Distributed a \(\$ 530\) cash dividend to the owner.
Information for month-end adjustments follows:
December 31 one month of the 12-month, \(\$ 3,960\) insurance policy is expired by December 31. This leaves \(\$ 3,630\) not yet expired. December 31 A physical count of supplies on December 31 shows that only \(\$ 1,230\) of supplies remain of the \(\$ 2,060\) supplies purchased. December 31 The \(\$ 6,720\) 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 \(\$ 6,720\) 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 \(\$ 1,720\) 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 \(\$ 630\) 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 \(\$ 4,380\), or \(\$ 730\) per week. The customer agrees to pay the full \(\$ 4,380\) 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.
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