Practice Problem #1: Journalize each of the following transactions in a two-column journal and post the entries to T-accounts. Use the chart of accounts below. Cash Accounts Receivable Supplies Prepaid Insurance Accounts Payable Capital Stock Dividends Fees Earned a) Issued capital stock for cash, $27,500 b) Paid rent on office for month, $2,500 Rent Expense Utilities Expense Equipment c) Purchased office supplies for cash, $2,225 d) Paid insurance premiums, $1,500 e) Purchased office equipment on account, $10,000 f) Received cash for services completed, $3,800 g) Received an invoice for utilities, $475 h) Billed customers for services completed, $1,800 i) Received cash from customers on account, $900 Paid $4,200 on account j) k) Paid cash dividends, $2,800