Rodney Troon opened a law office on December 2 of the current year. During the first month of operations, the business completed the following transactions: Dec. 2 Troon deposited $50,000 cash in the business bank account Rodney Troon. Attorney. 3 7 4115 11 15 689 18 Purchased supplies, $500, and furniture, $2,600, on account. Performed legal service for a client and received cash. $1.500. Paid cash to acquire land for a future office site. $22.000. Prepared legal documents for a client on account. $900. Paid secretary's salary, $570. 16 Paid for the furniture purchased December 3 on account. Received $1.800 cash for helping a client sell real estate. Defended a client in court and billed the client for $800. Received partial collection from client on account, $400. Paid secretary's salary, $570. 19 29 31 31 31 Paid rent expense. $700. Withdrew $2,200 for personal use. Required Open the following T-accounts: Cash; Accounts Receivable: Supplies: Furniture: Land: Accounts Payable; Rodney Troon, Capital; Rodney Troon, Withdrawals: Service Revenue; Salary Expense: Rent Expense. 1. Record each transaction in the journal, using the account titles given. Key each transac- tion by date. Explanations are not required. 2. Post the transactions to the ledger, using transaction dates as posting references in the ledger. Label the balance of each account Bal., as shown in the chapter. 3. Prepare the trial balance of Rodney Troon, Attorney, at December 31 of the current year.