7) Larry Matt, Inc. completed these transactions during December of the current year: Began a financial services practice by investing $15,000 cash and office Dec. 1 equipment having a $5,000 value 2 Purchased $1,200 of office equipment on credit 3 Purchased S300 of office supplies on credit. 4 Completed work for a client and immediately received a payment of $9 cash 8 Completed work for Precept Paper Co. on credit, $1,700 10 Paid for the supplies purchased on credit on December 3 14 Paid for the annual $960 premium on an insurance policy Received payment in full from Precept Paper Co. for the work complete 18 on December 8. 271 The company paid S650 cash in dividends to the owner. (sole sharehold 30 Paid $175 cash for the December tility bills. 301 Received $2,000 from a client for financul services to be rendered next fear. Prepare general journal entries to record these transactions