A business has the following transactions.: The business received $16,000 cash contribution from the owner. The business purchases $600 of office supplies on account. The business purchases $3000 of furniture on account. The business renders services to various clients totaling 10,000 on account. The business pays out $1500 for salaries expense and 3,500 for rent expense. Owner withdrew $ 1000 cash from the business. The business pays $800 to supplier for the office supplies purchased earlier. The business collects 4,000 from one of its clients for services rendered earlier in the month. Paid the first month's rent with $800 cash. Purchased equipment by paying $4000 cash and executing a note payable for $4000. Purchased office supplies for $ 200 cash. The supplies remain at the end of the month. Billed clients for a total of $ 7000 for design services rendered. Received $ 1000 cash from clients for services rendered above. How would I journalize the transactions, how would I open a T account for all the transaction, how do I post the journal entries to the T accounts and calculate account balances.