Make T-accounts for the following accounts that appear in the general ledger of Dave Jennings, an attorney: Cash; Accounts Receivable; Office Equipment; Legal Database Subscription; Accounts Payable; Common Stock; Dividends; Legal Fees Earned; Salaries Expense; Rent Expense; and Utilities Expense. Using the accounting equation, record each of the transactions in columnar format. Prepare journal entries and record the following October transactions in the T-accounts and key all entries with the number identifying the transaction. Determine the balance in each account and prepare a trial balance sheet as of October 31.

1 Jennings started his law practice by contributing \(\$ 21,500\) cash to the business on October 1, receiving shares of common stock in the company.

2 Purchased office equipment on account, \(\$ 11,400\).

3 Paid office rent for October, \(\$ 1,100\).

4 Paid \(\$ 9,750\) to access online legal database for two years.

5 Billed clients for services rendered, \(\$ 14,000\).

6 Made \(\$ 6,000\) payment on account for the equipment purchased on October 2.

7 Paid legal assistant's salary, \(\$ 2,800\).

8 Collected \(\$ 7,500\) from clients previously billed for services.

9 Received invoice for October utilities, \(\$ 190\); it will be paid in November.

10 Paid stockholders \(\$ 1,500\) as a cash dividend.