Several years ago, Mary Emerson founded Emerson Consulting, Inc., a consulting business specializing in financial planning for young professionals. The following captions and amounts summarize Emerson Consulting's balance sheet at December 31, 2008, the beginning of the current year:

During January 2009, the following transactions occurred:
a. Sold common stock to a new stockholder in exchange for $2,000 cash
b. Performed advisory services for a client for $1,550 and received the full amount in cash
c. Received $750 on account from a client for whom services had been performed on credit
d. Purchased supplies for $650 on credit
e. Paid $500 on accounts payable
f. Performed advisory services for $2,700 on credit
g. Paid cash of $1,200 for secretarial services during January
h. Paid cash of $800 for January's office rent
i. Paid rent for January 2009 in the amount of $900
j. Paid a dividend of $400

Required:
1. Record the effects of the transactions listed above on the accounting equation for the business. Use the format given in the problem, starting with the totals at December 31, 2008.
2. Prepare the trial balance at January 31,2009.

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Assets Liabilities Equity Accounts Accounts Notes Capital Retained Recevable SuppliesPayable + Payable Stock 10,000 Eamin 3,000 6,600 4,800 500 1,000 2,900