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$ Cash Short-term investments Accounts receivable Supplies Prepaid expenses office equipment Accumulated depreciation-office equipment* $ 1,900 Accounts payable 410 Unearned revenue 3,570 Salaries Payable 150

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$ Cash Short-term investments Accounts receivable Supplies Prepaid expenses office equipment Accumulated depreciation-office equipment* $ 1,900 Accounts payable 410 Unearned revenue 3,570 Salaries Payable 150 Short-term note payable 4,720 Common stock ($1 par value) 1,530 Additional paid in capital (480) Retained earnings 210 1,320 870 780 50 6,560 2,010 *This account has a credit balance representing the portion of the cost of the equipment used in the past. 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. 1. 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. 2. Enter the following transactions for the current year into the T-accounts, using the letter of each transaction as the reference: (Enter your answer in thousands, not in dollars.) Cash Short-term Investments Beg Bal Beg Bal 2. Enter the following transactions for the current year into the T-accounts, using the letter of each transaction as the reference: (Enter your answer in thousands, not in dollars.) Cash Short-term Investments Beg Bal Beg Bal End. Bal End. Bal 0 Accounts Recevable Supplies

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