At January 1 (beginning of its fiscal year), Freeman, Incorporated, a financial services consulting firm, reported the following account balances (in thousands, except for par and market value per share): Cash Short-term investments Accounts receivable Supplies Prepaid expenses office equipment $1,900 410 3,570 150 4,720 1,050 Accounts payable Unearned revenue Salaries payable Short-term note payable Common stock ($1 par value) Additional paid-in capital Retained earnings $210 1.320 870 780 50 6,560 2,010 a. Received $9,500 cash for consulting services rendered. b. Issued 10 additional shares of common stock at a market price of $120 per share. c. Purchased $640 of office equipment, paying 25 percent in cash and owing the rest on a short-term note. d. Received $890 from clients for consulting services to be performed in the next year. e. Bought $470 of supplies on account. f. Incurred and paid $1,800 in utilities for the current year. g. Consulted for clients in the current year for fees totaling $1,620, due from clients in the next year. h. Received $2,980 from clients paying on their accounts. i. Incurred $6,210 in salaries in the current year, paying $5,300 and owing the rest (to be paid next year). j. Purchased $1,230 in short-term investments and paid $800 for insurance coverage beginning in the next fiscal year. k. Received $10 in interest revenue earned in the current year on short-term investments.

\begin{tabular}{|l|l|l|l|} \hline \multicolumn{2}{|c|}{ Debit } & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Accousts Receivatile } \\ \hline Beginning Balance & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} At January 1 (beginning of its fiscal year). Freeman, Incorporated, a financial services consulting firm, reported the following account balances (in thousands, except for par and market value per share): a. Recelved $9,500 cash for consulting services rendered. b. Issued 10 additional shares of common stock at a market price of $120 per share. c. Purchased $640 of office equipment, paying 25 percent in cash and owing the rest on a short-term note d. Received $890 from clients for consulting services to be performed in the next year. e. Bought $470 of supplies on account. f. Incurred and paid $1,800 in utilities for the curreht year. g. Consulted for clients in the current year for fees totaling $1,620, due from clients in the next year h. Received $2,980 from clients paying on their accounts. 1. Incurred \$6,210 in salaries in the current year, paying \$5,300 and owing the rest (to be paid next year) 1. Purchased $1,230 in short-term investments and paid $800 for insurance coverage beginning in the next fiscal yea k. Received S10 in interest revenue earned in the current year on short-term investments