1. The account balances of Trendsetter Travel Services at December 31, 2018 are listed below: Accounts Payable Accounts Receivable Cash Dividends Computer Equipment Retained Earnings1/1/18 Fees Earned Rent Expense $12,000 6,000 18,000 2,000 21,000 14,000 70,000 10,000 $10,000 1,000 1,300 14,000 8,000 14,000 25,000 1,700 Common Stock Supplies Taxes Expense Land Utilities Expense Land Wages Expense Supplies Expense Prepare an income statement statement of retained earnings, and a balance sheet as of December 31, 20118. 2. Journalize the following selected transactions for Apil 2018 in proper form Received $12,000 from Katie Long, in exchange for 3000 shares of $2 par common stock Purchased equipment for $20,000, paying $6,000 in cash and giving a note payable for the remainder. Paid $1,800 for 6 months of rent. Purchased S9,800 of supplies on account. Recorded $2,250 of fees earned on account. Received $9,000 in cash for fees earned Paid $300 to creditors on account. Paid wages of $1.650. Received S1,190 from customers on account. Paid S500 for advertising Purchased supplies paying cash of S300 Dividends of $400 were declared Purchased 100 shares of Treasury Stock for $2000 Paid dividends declared on April 21 Traded 4000 shares of $2 part common stock for land with a fair market value of $10,000 12 12 14 16 18 19 21 23 28 30