Smart Touch Learning began operations on December 1. Record the business' transactions for the month of December. Explanations are not required. Refer to theChart of Accountsfor account titles.

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 Repairs and Maintenance235 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 ExpenseChart 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 Accumulated Dapraciation