For the past several years, Aaron Jones has operated a consulting business from his home on a part- time basis. As of December 1, 20X1, Aaron decided to move to rented quarters and incorporate his business as Progress Consulting Inc. Progress Consulting was authorized to issue 100,000 shares of $1 par value common stock. Progress Consulting entered into the following transactions during PROGRESS CONSULTING General Journal December 1 to December 31, 20X1 December: Date Page: Aaron Jones invested the following assets in the business: cash, $6,500; supplies, $1,250; and office equipment, $27,900. Mr. Jones received common stock in an amount equal to his investment. 1st Description Post. Ref. Debit Credit 2nd Paid $4,500 for rent for December 20X1 through February 28, 20X2. Paid $1,800 for a one year premium on property and casualty insurance. The policy covers the period December 1, 20X1 to November 30, 20X2 3rd Received $3,500 cash from a client as an advance payment for services to be performed in the future. 4th Purchased additional office equipment on account from Payne Company for $1,800. Sth 10th Paid $2,300 for a newspaper advertisement. 11th Paid Payne Company for part of the debt incurred on December 5, $900. 12th Billed clients for services performed on account, $1,200. 17th Received cash payment from client for services performed on this date, $8,451.* 18th Paid $1,151 for supplies.* 20th Billed clients for services performed on account, $1,100. 24th Received cash payment from client for services performed on this date, $1,850. 25th Received cash from clients as payment on account, $1,300. 30th Paid $330 for utilities for December. 31st Paid cash dividend of $2,45).* *THIS IS VERY IMPORTANT TO SUCCESSFUL COMPLETION OF THE PROJEC There are three numbers in the project that you must fill in to complete the project. These nur are displayed with underscore symbols (i.e. _ ) and have an asterisk symbol at the end of thei Enter the LAST 3 digits in YOUR NSU Student ID Card in the place of the three underscore symbols for each of the numbers. For example, if your student id number is 123456, then yo amount of cash received on December 17th would be $8,456. Every student's project will b and you will NOT receive credit if you do not use YOUR ID number to complete the proje Student's Name: