During November of this year, James Kirk opened an accounting practice called James Kirk, CPA. The following transactions were completed during the first month: a. Deposited $13,500 in a bank account in the name of James Kirk, CPA. b. Paid rent for the month, $1,600 (Rent Expense). c. Bonght office equipment, including a computer and a printer, for $9,500 from Bingham Company, Paid $6,700 in cash, with the balance due in thirty days, d. Purchased office supplies and announcements for $970 from City Stationers. Payment is due in thirty days e. Billed clients $5,500 for services rendered (Client Fees). f. Paid $1.450 salary to secretary/assistant for the month. & Paid telephone bill of $210 (Telephone Expense). h. Received cash from clients previously billed on account, $2,450. i Paid Bingham Company $970 to apply on account j. Paid S275 for continuing education course (Miscellaneous Expense). k Kirk withdrew $2.200 for personal use. Instructions 1. Record the transactions and the balance after each transaction, using the following headings Assets Cash - Accts. Rec + Equip Liabilities + Accounts Payable Owner's Equity J. Kirk. + Revenue Expenses Capital 2. Demonstrate that the total of one side of the equation equals the total of the other side of the equation