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Chart of Accounts Account Title Account Number 101 105 110 112 115 120 125 130 140 145 146 150 151 155 Cash Accounts Receivable Interest Receivable Notes Receivable Office Supplies Prepaid Insurance Prepaid Rent Short-term Investments Long-term Investments Building Accumulated Depreciation - Building Equipment Accumulated Depreciation - Equipment Furniture Accumulated Depreciation - Furniture Office Furniture Accumulated Depreciation - Office Furniture Truck Accumulated Depreciation - Truck Land Copyright Franchise Patent Trademark Accounts Payable Rent Payable Salaries Payable Us Payable 156 160 161 165 166 170 175 178 180 182 201 205 210 P15 165 166 170 175 178 180 182 201 205 210 215 220 225 235 250 255 260 301 315 320 325 410 420 430 505 510 515 520 525 535 Truck Accumulated Depreciation - Truck Land Copyright Franchise Patent Trademark Accounts Payable Rent Payable Salaries Payable Utilities Payable Interest Payable Dividends Payable Unearned Revenue Notes Payable Mortgages Payable Premium on Bonds Payable Common Stock Retained Earnings Dividends Income Summary Service Revenue Dividend Revenue Interest Revenue Advertising Expense Delivery Expense Depreciation Expense Insurance Expense Interest Expense Repairs and Maintenance Expense Rent Expense Salaries Expense Supplies Expense utilities Expense 540 545 550 1555 MacBook Air :: * 30 899 GOD 4 15 esc 6 F3 1 F2 PART 1: Journal Entries Smart Touch Learning began operations on December 1. Record the business' transactions for the month of December. Explanations are not required. Refer to the Chart of Accounts for account titles. Smart Touch Learning began operations on December 1 by receiving $26,400 cash and furniture of a fair value of $11,200 from James Smith, The business issued Smith shares of common stock in exchange for this contribution Date Accounts Debit Credit Paid 51,700 cash for a fourmonth insurance policy. The policy begins December 1. Date Accounts Debit Credit Paid 5510 cash for office supplies, December 4. Date Accounts Debit Credit Performed services for a customer and received $2,700 cash. December 12 MacBook Air Performed services for a customer and received $2,700 cash, December 12. Date Accounts Debit Credit Completed a large job, billed the customer, $4,800, December 15, Date Accounts Debit Credit Paid employee salary, 53,300, December 18. Accounts Debit Date Credit Received $10,700 cash for performing services, December 20. Debit Credit bate Accounts Collected $3,500 in advance for a service to be performed later, December 22 Collected $3,500 in advance for a service to be performed later, December 22. Date Accounts Debit Credit Collected $4,800 cash from customer on account, December 23. Debit Credit Date Accounts Received a $340 utility bill to be paid at a later time, December 27, Debit Credit Date Accounts Performed services on account, 5500, December 28 Debat Credit Accounts Date Pald December's rent, $2,600, on December 29. MacBook Air Pald December's rent, $2,600 on December 29. Date Accounts Debit Credit Paid $340 on account, December 30. Date Accounts Debit Credit Cash dividends of $2.900 were paid to stockholders, December 31. Date Accounts Debit Credi CHECK ANSWER You have attempts, click to check your answers. PART 1: Journal Entries MacBook Air

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