Reference no: EM132943308
1-Dec Issue common stock in exchange for cash of $7,500.
1-Dec Paid the premium in advance on a one-year insurance policy, $840.
1-Dec Purchased Equipment for $3,600 cash.
5-Dec Purchased office supplies from XYZ Company on account, $600.
15-Dec Provided services to customers for $6,000 cash.
16-Dec Provided services to customer ABC Inc. on account, $3,400.
17-Dec Received $1,100 cash in advance from a customer for services to be provided in January.
22-Dec Paid $220 to XYZ company for the Dec 5 purchase on account.
23-Dec Received $1,800 cash from customer ABC Inc., on account.
25-Dec Paid the rent for the current month, $650 .
28-Dec Paid salaries to employees for work performed from December 1 through December 28, $5,040.
29-Dec Declared and paid dividends to stockholders $350 .
30-Dec Purchased land by signing 3 year note payable for $8,000 .
Problem 1: Post-Closing Trial Balance