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Schwartz, Attorney at Law, opened his office on October 1. The account headings are presented below, Transacticns completed during the month follow. Assets a. Schwartz deposited $24,000 in a bank account in the name of the business. b. Bought office equipment on account from QuipCo, $9,500. C. Schwartz invested his personal law sibrary, which cost $2,700. d. Paid the office rent for the month, \$1,400, Ck. No. 2000 (Rent Expense). e. Bought affice supplies for cash, 1225,CK. No. 2001. f. Bought insurance for two years, 1380, Ck, No. 2002. 9. Sold legal services for cesh, $8,600 (Professional fees), h. Paid the salary of the part-time receptionist, $1,660, Ck. No, 2003 (Salary Expense), 1. Received and paid the telephone bili, \$386, CK, No. 2004 (Telephone Expense). 1. Received and paid the bili for istilities, 5370, CK. No. 2005 (Uzitities Expense). K. Sold legal services for cash, $9,200 (Professional Fees). 1. Palid on account to QuipCo, \$2,640, Ck. No, 2006 . m. Schwarte withdrow cash for personal use, $2,200, Ck. No. 2007. Required: 1. Pecord the transactions and the balances after each transaction. 2. After all transactions have been entered, enter the total assets and the total liabities plas owner's equiry in the enary beces beiow the transactions. If the two totals are not equal, first check the addition and subtration. If you stir cannot hind the enoc reanalyze each traisacton. Enter increases to accounts as positive amounts and decreases to accounts as negative amounts. If an amount box does not requare an entry. leave it blank or enter 0 - Assets