a. KeithKeith HamptonHampton opened a law firm by investing $ 21 comma 000$21,000 cash and office furniture wiith a fair value of $ 8 comma 600$8,600. Organized as a professional corporation, the business issued common stock to HamptonHampton. b. Paid monthly rent of $ 1 comma 300$1,300. c. Purchased office supplies on account, $ 700$700. d. Paid employees' salaries of $ 3 comma 500$3,500. e. Paid $ 500$500 of the accounts payable created in transaction c. f. Performed legal service on account, $ 10 comma 300$10,300. g. Declared and paid dividends of $ 2 comma 200$2,200.

1. Record the transactions directly in the T-accounts without using a journal. Use the letters to identify the transactions.

(Select the "Bal" label on the normal balance side of the account and enter the ending balances.)

Cash

Common Stock

Accounts Receivable

Dividends

Office Supplies

Service Revenue

Office Furniture

Salary Expense

Accounts Payable

Rent Expense

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