1. Larry Matt, Inc. completed these transactions during December of the current year: Began a financial services practice by investing $15,000 cash and office equipment having a $5,000 value in Dec. 1 exchange for common stock. 2 Purchased $1,200 of office equipment on credit. 3 Purchased $300 of office supplies on credit. 4 Completed work for a client and immediately received a payment of $900 cash. 8 Completed work for Precept Paper Co. on credit, $1,700. 10 Paid cash for the supplies purchased on credit on December 3. 14 Paid cash for the annual $960 premium on an insurance policy. 18 Received cash as payment in full from Precept Paper Co. for the work completed on December 8. 27 The company paid $650 cash in dividends to the owner. (sole shareholder) 30 Paid $175 cash for the December utility bills. 30 Received $2,000 cash from a client for financial services to be completed next year. Prepare general journal entries to record these transactions, post to T-Accounts, then prepare a Trial Balance