Business Course and Return to course My Subscriptions empt Transaction Analysis On December 1, Fred Allen started job Services in providing career and vocational counseling services. The following transactions took place during the month of December 2 Paid rent for December on furnished office space 51,750 3 Received invoke for December advertising 5660 4 Borrowed 516.000 from a bank and signed ante payable for that amount 5 Received 1.200 for counseling services rendered for cash 6 Billed certain government agencies and other clients for online 21 9 Paisto coders dend of cash 10 Purchased and for cash 11 P 1950 to the unkas December interest on a note Required (a) Set up an accounting equation in columnar form with the following column leading Cash Accounts Receivable, Land, Accounts Payable. Notes Payable. Common Stock and Retained Earnings b) Show how the December transactions affect the items in the accounting equation, and total columns to show that assets equallibilities plus stockholders' equity as of December 31 Note: Use a negative sin with your answers, when needed Land A unts Payable Notes Payable Como ooooooooooo