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a. Lisa Jefferson opened a law firm by investing $13,500 cash and office furniture valued at $7,500. Organized as a corporation, the business issued ordinary
a. Lisa Jefferson opened a law firm by investing $13,500 cash and office furniture valued at $7,500. Organized as a corporation, the business issued ordinary shares to Jefferson. b. Paid monthly rent of $1,800. c. Purchased office supplies on account, $1,100. d. Paid employees' salaries of $2,200. e. Paid $700 of the accounts payable created in Transaction c. f. Performed legal services on account, $8,500. g. Declared and paid dividends of $3,100. Review the following transactions. (Click the icon to view the transactions.) Requirement 1. Record the transactions directly in the T-accounts without using a journal. Use the letters to identify the transactions. the T-account below. Do not post the second transaction until after you have checked your answer and continued to the next step. Leave unused cells blank.)
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