Question: I need help soon please I don't understand how to do this please provide an explanation here is the chart of accounts Chart of Accounts

I need help soon please I don't understand how to do this please provide an explanation

here is the chart of accounts

Chart of Accounts

Account Number	Account Title
101	Cash
105	Accounts Receivable
110	Interest Receivable
112	Notes Receivable
115	Office Supplies
120	Prepaid Insurance
125	Prepaid Rent
130	Short-term Investments
140	Long-term Investments
145	Building
146	Accumulated Depreciation - Building
150	Equipment
151	Accumulated Depreciation - Equipment
155	Furniture
156	Accumulated Depreciation - Furniture
160	Office Furniture
161	Accumulated Depreciation - Office Furniture
165	Truck
166	Accumulated Depreciation - Truck
170	Land
175	Copyright
178	Franchise
180	Patent
182	Trademark
201	Accounts Payable
205	Rent Payable
210	Salaries Payable
215	Utilities Payable
220	Interest Payable
225	Dividends Payable
235	Unearned Revenue
250	Notes Payable
255	Mortgages Payable
260	Premium on Bonds Payable
301	Common Stock
315	Retained Earnings
320	Dividends
325	Income Summary
410	Service Revenue
420	Dividend Revenue
430	Interest Revenue
505	Advertising Expense
510	Delivery Expense
515	Depreciation Expense
520	Insurance Expense
525	Interest Expense
535	Repairs and Maintenance Expense
540	Rent Expense
545	Salaries Expense
550	Supplies Expense
555	Utilities Expense

Smart Touch Learning began operations on December 1 by receiving $28,200 cash and furniture of a fair value of $11,500 from James Smith. The business issued Smith shares of common stock in exchange for this contribution.

Smart Touch Learning began operations on December 1 by receiving $28,200 cash and furniture of a fair value of $11,500 from James Smith. The business issued Smith shares of common stock in exchange for this contribution.
Date	Accounts	Debit	Credit
Dec. 1Dec. 4Dec. 12Dec. 15Dec. 18Dec. 20Dec. 22Dec. 23Dec. 27Dec. 28Dec. 29Dec. 30Dec. 31

Paid $1,800 cash for a four-month insurance policy. The policy begins December 1.

Paid $1,800 cash for a four-month insurance policy. The policy begins December 1.
Date	Accounts	Debit	Credit
Dec. 1Dec. 4Dec. 12Dec. 15Dec. 18Dec. 20Dec. 22Dec. 23Dec. 27Dec. 28Dec. 29Dec. 30Dec. 31

Paid $510 cash for office supplies, December 4.

Paid $510 cash for office supplies, December 4.
Date	Accounts	Debit	Credit
Dec. 1Dec. 4Dec. 12Dec. 15Dec. 18Dec. 20Dec. 22Dec. 23Dec. 27Dec. 28Dec. 29Dec. 30Dec. 31

Performed services for a customer and received $2,200 cash, December 12.

Performed services for a customer and received $2,200 cash, December 12.
Date	Accounts	Debit	Credit
Dec. 1Dec. 4Dec. 12Dec. 15Dec. 18Dec. 20Dec. 22Dec. 23Dec. 27Dec. 28Dec. 29Dec. 30Dec. 31

Completed a large job, billed the customer, $3,200, December 15.

Completed a large job, billed the customer, $3,200, December 15.
Date	Accounts	Debit	Credit
Dec. 1Dec. 4Dec. 12Dec. 15Dec. 18Dec. 20Dec. 22Dec. 23Dec. 27Dec. 28Dec. 29Dec. 30Dec. 31

Paid employee salary, $1,500, December 18.

Paid employee salary, $1,500, December 18.
Date	Accounts	Debit	Credit
Dec. 1Dec. 4Dec. 12Dec. 15Dec. 18Dec. 20Dec. 22Dec. 23Dec. 27Dec. 28Dec. 29Dec. 30Dec. 31

Received $18,500 cash for performing services, December 20.

Received $18,500 cash for performing services, December 20.
Date	Accounts	Debit	Credit
Dec. 1Dec. 4Dec. 12Dec. 15Dec. 18Dec. 20Dec. 22Dec. 23Dec. 27Dec. 28Dec. 29Dec. 30Dec. 31

Collected $4,800 in advance for a service to be performed later, December 22.

Collected $4,800 in advance for a service to be performed later, December 22.
Date	Accounts	Debit	Credit
Dec. 1Dec. 4Dec. 12Dec. 15Dec. 18Dec. 20Dec. 22Dec. 23Dec. 27Dec. 28Dec. 29Dec. 30Dec. 31

Collected $3,200 cash from customer on account, December 23.

Collected $3,200 cash from customer on account, December 23.
Date	Accounts	Debit	Credit
Dec. 1Dec. 4Dec. 12Dec. 15Dec. 18Dec. 20Dec. 22Dec. 23Dec. 27Dec. 28Dec. 29Dec. 30Dec. 31

Received a $270 utility bill to be paid at a later time, December 27.

Received a $270 utility bill to be paid at a later time, December 27.
Date	Accounts	Debit	Credit
Dec. 1Dec. 4Dec. 12Dec. 15Dec. 18Dec. 20Dec. 22Dec. 23Dec. 27Dec. 28Dec. 29Dec. 30Dec. 31

Performed services on account, $900, December 28.

Performed services on account, $900, December 28.
Date	Accounts	Debit	Credit
Dec. 1Dec. 4Dec. 12Dec. 15Dec. 18Dec. 20Dec. 22Dec. 23Dec. 27Dec. 28Dec. 29Dec. 30Dec. 31

Paid December's rent, $2,000, on December 29.

Paid December's rent, $2,000, on December 29.
Date	Accounts	Debit	Credit
Dec. 1Dec. 4Dec. 12Dec. 15Dec. 18Dec. 20Dec. 22Dec. 23Dec. 27Dec. 28Dec. 29Dec. 30Dec. 31

Paid $270 on account, December 30.

Paid $270 on account, December 30.
Date	Accounts	Debit	Credit
Dec. 1Dec. 4Dec. 12Dec. 15Dec. 18Dec. 20Dec. 22Dec. 23Dec. 27Dec. 28Dec. 29Dec. 30Dec. 31

Cash dividends of $3,900 were paid to stockholders, December 31.

Cash dividends of $3,900 were paid to stockholders, December 31.
Date	Accounts	Debit	Credit
Dec. 1Dec. 4Dec. 12Dec. 15Dec. 18Dec. 20Dec. 22Dec. 23Dec. 27Dec. 28Dec. 29Dec. 30Dec. 31

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