1. On the attached worksheet, indicate how each of the following transactions would affect the balance sheet accounts. You do not need to update the total amounts after each transaction. All transactions took place in the month of January. a. Received $13,500 as rent for the use of a vacant office our building. The rent was paid 9 months in advance. b. On January 1, paid $3,000 for a one-year general insurance business policy. c. Purchased supplies of $900 on account. d. Collected $16,000 for services previously provided to customers on account. e. Paid creditors $2,500 on account. f. Shareholders invested an additional $5,000 in the business in exchange for common stock. g. Billed customers $26,000 for services provided on account. h. Received $7,500 for services provided to customers who paid cash. i. Paid expenses as follows: wages, $15,500 utilities, $4,250 rent on equipment, $2,650 interest, $100 and miscellaneous, $1,500. j. Paid dividends of $4,000 to stockholder. k. At the end of the month, $450 of insurance had expired. 1. Supplies on hand at the end of the month were $600. m. Depreciation on the building was $1,150. n. Unearned rent revenue of $1,500 was earned. 0. Wages earned by employees but not paid at the end of the month were $1,450. p. Services provided but not yet billed at the end of the month were $2,500. Question 1: Cash 10,000 Prepaid Accts. Rec. Insurance Supplies Building Acc. Depr. 22,250 350 600 75,000 (5,600) Land 60,000 Unearned Accts Pay. Rev 3,850 0 Wages Pay. 0 Notes Pay. 15,000 Common Retained Stock Earnings 25,000 118,750 1/1 Balance a. b. C d. e. f. g. k. m. n. 10. Ip