(Solved): Prepare journal entries to record the following transactions. December 2 Purchased supplies for $1, ...

Prepare journal entries to record the following transactions. December 2 Purchased supplies for $\$1,280$ cash. December 3 Purchased additional supplies for $\$380$ on credit. Decenber 4 Completed work for a client and immediately received $\$980\mathrm{cash}$. Decenber 8 Billed a custoner $\$1,780$ for services provided. Decenber 10 Paid $\$380$ cash for the supplies purchased on credit on December 3. December 14 Paid $\$1,646$ cash for the prenium on an insurance policy providing coverage over the upcoming year. December 18 Received $\$1,780$ cash for the work completed on Decenber 8 . Decenber 38 Paid $\$255$ cash for the Decenber utilities bills. December 30 Received 22,086 cash in advance from a cllent for services to be performed next year.