D) Assets-Stockholders' Equity = Liabilities E) None of the above Problem 1 (20 points). Make T-accounts for the following general ledger accounts of Chunde Movers which began business on January 1, 2016: Cash; Accounts Receivable; Supplies; Equipment Accounts Payable; Notes Payable; Common Stock; Dividends; Moving Fees Earned; Salaries Expense; Rent Expense; and Utilities Expense. Record the following January 2016 transactions in the accounts and key each entry with the transaction number 2 (1) Shareholders purchased $170,000 in stock (2) Paid rent for the month, $3,200. (3) Purchased equipment for $70,000, giving a note payable for $60,000. (4) Purchased supplies on account, $15,000. (5) Billed clients for services rendered, $28,000 (6) Paid salaries for the month, $11,600 (7) Paid $8,000 on account for supplies purchased in transaction (4). (8) Collected $17,400 from clients previously billed. (9) Paid utilities for the month, $980 (10) Paid $11,600 cash dividends