a ction Analysis and Trial Balance Make T-accounts for the following accounts that appear in the general ledger of Daniel Kelly, an attorney Cash Accounts Receivable: Office Equipment Legal Data Subscription: Accounts Payable: Common Stock Dividends Legal Fees Eamed, Salaries Expense, Rent Expense; and Utilities Expense. Using the accounting equation, record each of the transactions in a columnar format. Prepare journal entries and record the following October transactions in the accounts and key all entries with the number identifying the transaction. Determine the balance in each account and prepare a trial balance sheet as of October 31 Oct. 1 Kelly started his law practice by contributing $19.500 cash to the business on October 1.receiving shares of common stock in the company, 2 Purchased office equipment on account, 510,400 3 Paid office rent for October, 5700 4 Paid $9.600 to access online legal database for two years. 5 Billed clients for services rendered. $11.300 6 Made $6.000 payment on account for the equipment purchased on October 2 7 Paid legal assistant's salary, 52,800 8 Collected 59.400 from clients previously billed for services 9 Received invoice for October utilities, 5180 it will be paid in November 10 Paid stockholders $1,500 as a cash dividend. Note: Use negative signs with your answers below, when appropriate Cash Accounts Receivable Database Subscription office Equipment Accounts Payable. Common Stock - Retained Earnings 10 General Journal Description Ref. Debit Credit To record stockholder contribution. To record office equipment purchased on account. (3) To record payment of rent expense. To record prepayment for database service. (5) To record billing for legal services. To record payment on equipment. To record payment of salaries. To record receipt of cash from clients. To record utilities expense. (10) Cash Accounts Receivable Office Equipment Bal Bal Legal Database (4) Bal Bal Accounts Payable Common Stock Dividends (2) (1) Bal (10) Bal Legal Fees Earned (5) Bal Utilities Expense Salaries Expense Rent Expense (3) (9) (7) Bal Bal Bal Determine the balance in each account and prepare a trial balance shee DANIEL KELLY, ATTORNEY-AT-LAW Trial Balance October 31 Debit Credit Cash Accounts Receivable Office Equipment Legal Database Subscription Accounts Payable Common Stock Dividends Legal Fee Earned Salaries Expense Rent Expense Utilities Expense Totals