Assume that the following accounts appear in the ledger of M.E. Carter, a financial consultant to companies in the retail sector. Cash; AC Payable; Common Stock Retained Earnings: Fees Earned; Salaries Expense; Rent Expense: Interest Expense; and Utlities Expense. M.E. (1) M.E. Carter started the firm by contributing $15,500 cash to the business in exchange for common stock. (2) The firm purchased $10,400 in office equipment, issuing a long-term note payable for $4,400 with the remainder on account. (3) Paid $700 cash for this period's office rent (on a short-term lease). (4) Paid $9,600 cash for subscriptions to online financial databases covering the next three periods. (5) Billed clients $11,300 for services rendered. (6) Made $1,000 cash payment on account for the equipment purchased in transaction 2. (7) Paid \$2,800 cash for assistant's salary for this period. (B) Collected $9,400 cash from clients previously billed in transaction 5. (9) Recelved $180 invoice for this penod's utilitest it is paid early in the next period. (10) Paid \$1, soo cash for dividends to shareholders. (11) Paid $225 cash for interest on the note payable for the period. Analyze and enter each into the financial statement effects template. Note: For each account category, indicate the appropriate account name. Enter "NA' for any account category that is not used for a give Note: Indicate a decrease in an account category by including a negatwe sign with the amount. B Assignment Chapter 2 hount