E2-13B. Transaction Analysis and Trial Balance Make T-accounts for the following accounts that appear La in the general ledger of The Canine Hospital, owned by Kali Wells, a veterinarian: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Common Stock; Dividends; Professional Fees Earned; Salaries Expense; and Rent Expense. Using the accounting equation, record each of the transactions in columnar format. Prepare journal entries and record the following December transac tions in the T-accounts and key all entries with the number identifying the transaction. Finally, deter- mine the balance in each account and prepare a trial balance as of December 31. Wells opened a checking account on December I at Biltmore Bank in the name of The Canine Hospital and deposited $31,000 cash; Wells received common stock for her investment. 2 Paid rent for December, $2,750. 3 Purchased office equipment on account, $2.900. 4 Purchased supplies for cash, $1,800. 5 Billed clients for services rendered, $8,300. 6 Paid secretary's salary, $1,950. 7 Paid $1,500 on account for the equipment purchased on December 3. 8 Collected $4,900 from clients previously billed for services. 9 The firm paid stockholders $1,500 cash as a dividend.