Cash balance, December 1, 2016 is $18,200 Transactions:
Dec.
1 Common stock was issued to stockholders for $7,800 cash.
7 Purchased equipment for $1,700 on account.
14 Paid $20,000 cash for land.
17 Paid cash expenses: office rent, $1,700; employees' salaries, $1,500; utilities, $90.
23 Paid cash dividends of $2,600.
26 Earned service revenue for the month, $5,000, receiving cash.

Required:
Journalize the entries.

Journal Entries:

Dec. 1 Debit Cash $7,800

Credit Common stock $7,800

To record the issuance of common stock for cash.

Dec. 7 Debit Equipment $1,700

Credit Accounts Payable $1,700

To record the purchase of equipment on account.

Dec. 14 Debit Land $20,000

Credit Cash $20,000

To record the payment for land.

Dec. 17 Debit Office Rent expenses $1,700

Debit  Salaries expenses $1,500

Debit Utilities expense $90

Credit Cash $3,290

To record the payment for cash expenses.

Dec. 23 Debit Cash dividends $2,600

Credit Cash $2,600

To record the payment of cash dividends.

Dec. 26 Debit Cash $5,000

Credit Service revenue $5,000

To record the receipt of cash for earned services.

Explanation:

a) Data and Transactions Analysis:

Dec. 1 Cash $7,800 Common stock $7,800

Dec. 7 Equipment $1,700 Accounts Payable $1,700

Dec. 14 Land $20,000 Cash $20,000

Dec. 17 Office Rent expenses $1,700  Salaries expenses $1,500 Utilities expense $90 Cash $3,290

Dec. 23 Cash dividends $2,600 Cash $2,600

Dec. 26 Cash $5,000 Service revenue $5,000

answer; (15,000)workers each

answer'; i believe the correct answer is (15,000) workers a year are treated for injuries caused by jacks, lifts or jack stands;