December $1$ Receives $$27,000$ cash as an owner investment in exchange for common stock. December $2$ Pays $$6,840$ cash for equipment. December $3$ Pays $$4,020$ cash $($insurance premium$)$ for a $12-$month insurance policy. Coverage began on December $1.$ December $4$ Pays $$1,140$ cash for December rent expense. December $7$ Provides all$-$day training services for a large group and immediately collects $$1,450$ cash. December $8$ Pays $$235$ cash in wages for part$-$time help. December $9$ Provides training services for $$2,540$ and rents training equipment for $$670.$ The customer is billed $$3,210$ for these services. December $19$ Receives $$3,210$ cash from the customer billed on Dec. $9.$ December $20$ Purchases $$2,070$ of supplies on credit from a supplier. December $23$ Receives $$1,740$ cash in advance of providing a $4-$week training service to a customer. December $29$ Pays $$1,335$ cash as a partial payment toward the accounts payable of Dec. $20.$ December $30$ Distributed a $$535$ cash dividend to the owner. Information for month$-$end adjustments follows: December $31$ One month of the $12-$month, $$4,020$ insurance policy is expired by December $31.$ This leaves $$3,685$ not yet expired. December $31$ A physical count of supplies on December $31$ shows that only $$1,235$ of supplies remain of the $$2,070$ supplies purchased. December $31$ The $$6,840$ of equipment purchased at the beginning of December has a useful life of $5$ years and will be worth nothing at the end of $5$ years $(60$ months$).$ The business uses straight$-$line depreciation to allocate the $$6,840$ 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 $$1,740$ paid in advance. By December $31,$ the business has provided $1$ of the $4$ weeks of services and earned one$-$fourth of the fee. No revenue is yet recorded. December $31$ On December $31,$ wages of $$635$ 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 $$4,410,$ or $$735$ per week. The customer agrees to pay the full $$4,410$ at the end of $6$ weeks when services are complete. By December $31,2$ weeks of services have been provided, but the business has not yet billed the customer or recorded the $2$ weeks of services provided. $1$Receives $$27,000$ cash as an owner investment in exchange for common stock. $2$Pays $$6,840$ cash for equipment. $3$Pays $$4,020$ cash $($insurance premium$)$ for a $12-$month insurance policy. Coverage began on December $1.4$Pays $$1,140$ cash for December rent expense. $5$Provides all$-$day training services for a large group and immediately collects $$1,450$ cash. $6$Pays $$235$ cash in wages for part$-$time help. $7$Provides training services for $$2,540$ and rents training equipment for $$670.$ The customer is billed $$3,210$ for these services. $8$Receives $$3,210$ cash from the customer billed on Dec. $9.9$Purchases $$2,070$ of supplies on credit from a supplier. $10$Receives $$1,740$ cash in advance of providing a $4-$week training service to a customer. $11$Pays $$1,335$ cash as a partial payment toward the accounts payable of Dec. $20.12$Distributed a $$535$ cash dividend to the owner. $13$One month of the $12-$month, $$4,020$ insurance policy is expired by December $31.$ This leaves $$3,685$ not yet expired. $14$A physical count of supplies on December $31$ shows that only $$1,235$ of supplies remain of the $$2,070$ supplies purchased. $15$The $$6,840$ 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 $$6,840$ net cost over $60$ months. On December $31,1$ month of depreciation must be recorded. $16$The business agreed on December $23$ to provide a $4-$week training service to a customer for a fixed fee of $$1,740$ 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. $17.$On December $31,$ wages of $$635$ are owed to a part$-$time employee for work done over the past $3$ weeks. Those wages are not yet paid or recorded. $18$ The business agreed to provide $6$ weeks of training services to a customer for a fee of $$4,410,$ or $$735$ per week. The customer agrees to pay the full $$4,410$ 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. $19.$ Close revenue accounts. Hint: Prepare financial statements before recording closing entries. $20.$ Close expense accounts. Hint: Prepare financial statements before recording closing entries. $21.$Close Income Summary account. $22.$Close Dividends account.

Prepare the following:

General Journal

General Ledger

Trial Balance

Income Statement

St Retained Earnings

Balance Sheet

Post Closing