December $9$ Provides training services for $$2,400$ and rents training equipment for $$600.$ The customer $is$ billed $$3,000$ for these services.

December $19$ Receives $$3,000$ cash from the customer billed $on$ Dec. $9.$

December $20$ Purchases $$2,000of$ supplies $on$ credit from a supplier.

December $23$ Receives $$1,600$ cash $in$ advance $of$ providing $a4-$week training service $to$ a customer.

December $29$ Pays $$1,300$ cash $as$ a partial payment toward the accounts payable $of$ Dec. $20.$

December $30$ Distributed $a$ $$500$ cash dividend $to$ the owner.

Time Remaining $2$ hours $51$ minutes $42$ seconds $02$:$51$:$42$

eBook Print Item $2$

Time Remaining $2$ hours $51$ minutes $42$ seconds $02$:$51$:$42$

A dog training business began $on$ December $1.$ Use additions and subtractions $to$ show the dollar effects $of$ each transaction $on$ individual items $of$ the accounting equation.

Note: Enter decreases $to$ account balances with a minus sign.

December $1$ Receives $$20,000$ cash $asan$ owner investment $in$ exchange for common stock.

December $2$ Pays $$6,000$ cash for equipment.

December $3$ Pays $$3,600$ cash $(insurance$ premium$)$ for $a12-$month insurance policy. Coverage began $on$ December $1.$

December $4$ Pays $$1,000$ cash for December rent expense.

December $7$ Provides all$-$day training services for a large group and immediately collects $$1,100$ cash.

December $8$ Pays $$200$ cash $in$ wages for part$-$time help.