Analyze! w at total cash was collected for Accounts Receivable during the month? Using T accounts to record all business transactions. The accounts and transactions of Kathryn Price Counselor and Attorney at Law, follow. INSTRUCTIONS Analyze the transactions. Record each in the appropriate T accounts. Use plus and minus signs in front of the amounts to show the increases and decreases. Identify each entry in the T accounts by writing the letter of the transaction next to the entry. ASSETS Cash Accounts Receivable Office Furniture Office Equipment Automobile LIABILITIES Accounts Payable OWNER'S EQUITY Kathryn Price, Capital Kathryn Price, Drawing REVENUE Fees Income EXPENSES Automobile Expense Rent Expense Utilities Expense Salaries Expense Telephone Expense TRANSACTIONS a. Kathryn Price invested $120,000 in cash to start the business. b. Paid $6,400 for the current month's rent. c. Bought a used automobile for the firm for $36,000 in cash. d. Performed services for $8,000 in cash. e. Paid $1,600 for automobile repairs. f. Performed services for $9,150 on credit. g. Purchased office chairs for $5,600 on credit. h. Received $4.500 from credit clients. i. Paid $3,600 to reduce the amount owed for the office chairs. j. Issued a check for $1,300 to pay the monthly utility bill. k. Purchased office equipment for $19,600 and paid half of this amount in cash immediately, the balance is due in 30 days. 1. Issued a check for $13,700 to pay salaries