During January, Smith Veterinary Clinic Ltd. completed the following transactions: (Click the icon to view the transactions.) The clinic uses the following accounts: Cash. Accounts Receivable Supplies, Land, Accounts Payable, Notes Payable, Common Shares, Dividends, Service Revenue, Salary Expense, Rent Expense, Utilities Expense, and Advertising Expense. Required 1. Journalize each transaction of Smith Veterinary Clinic Ltd. Explanations are not required, 2. Post to these T-accounts: Cash, Accounts Payable, and Notes Payable. 3. After these transactions, how much cash does the business have? How much in total liabilities does it owe? Requirement 1. Journalize each transaction of Smith Veterinary Clinic Ltd. Explanations are not required. (Record debits first, then credits. Explanations are not required.) Start with the transaction on January 1st Record the transaction for Dr. Smith depositing $20,000 cash and the business issuing common shares to her Journal Entry Accounts Date Debit Credit Jan More info to her. lla Jan 1 Dr. Smith deposited $20,000 cash in the business bank account. The business issued common shares 5 Paid monthly rent, $1,100. 9 Paid $8,500 cash, and signed a $30,000 note payable to purchase land for an office site. 10 Purchased supplies on account, $1,500. 19 Paid $750 on account. 22 Borrowed $18,500 from the bank for business use. Dr. Smith signed a note payable to the bank in the name of the business. 31 Revenue earned during the month included $14,000 cash and $4,000 on account 31 Paid employees' salaries ($2,900), advertising expense ($1,700), and utilities expense ($1,000). 31 Declared and paid a cash dividend of $6,500. Print Done