December $1$

Received $$23,000$ cash from Dixon in exchange for common stock.

December $2$

Received $$2,200$ cash from customers for services performed.

December $5$

Paid $$100$ cash for supplies.

December $9$

Performed services for a customer and billed the customer for services rendered, $$4,000.$

December $10$

Received $$250$ invoice for utilities due in two weeks.

December $15$

Paid for advertising on social media, $$300.$

December $20$

Paid utility invoice received on December $10.$

December $25$

Collected cash in full from customer billed on December $9.$

December $28$

Paid rent for the month, $$3,000.$

December $28$

Paid $$1,500$ to assistant for wages.

December $30$

Received $$2,800$ cash from customers for services performed.

December $31$

Cash dividends of $$1,500$ were paid to stockholders.

Analyze the events$$ chronologically, one transaction at a$$ time, beginning with the transaction on the $1$st$.$ For each transaction that follows$$ the$$transaction on the$1$st$,$calculate the balance in each account after analyzing its effect on the accounting equation.