E2-34B. (Learning Objective 5: Recording transactions without a journal) Set up the following T-accounts: Cash, Accounts Receivable, Office Supplies, Office Furniture, Accounts Payable, Share Capital, Dividends, Service Revenue, Salary Expense, and Rent Expense. Record the following transactions directly in the T-accounts without using a journal. Use the letters to identify the transactions.

a. Linda Conway opened a law firm by investing €12,000 cash and office furniture valued at €8,900. Organized as a corporation, the business issued ordinary shares to Conway.

b. Paid monthly rent of €1,500.

c. Purchased office supplies on account, €600.

d. Paid employee salaries of €2,100.

e. Paid €400 of the accounts payable created in Transaction c.

f. Performed legal service on account, €9,100.

g. Declared and paid dividends of €2,000.