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I am so lost on this question for ACC 290T week 2 homework The consulting firm of Martin and Associates uses the accounts listed below.

I am so lost on this question for ACC 290T week 2 homework The consulting firm of Martin and Associates uses the accounts listed below. Record the opening balances as of December 1, 2019 on the normal balance side of the following T-Accounts. List of accounts with their opening balances:

Cash$5,500Fees Income-0-Accounts Receivable8,500Rent Expense-0-Office Equipment8,000Utilities Expense-0-Accounts Payable6,200Salaries Expense-0-Joan Martin, Capital15,800Joan Martin, Drawing-0-

The firm has the following transactions during the month of December 2019. Record the effects of these transactions in the T accounts.

  1. Paid $1,500for one month's rent.
  2. Collected $5,300 in cash from credit customers.
  3. Performed services for $7,500 in cash.
  4. Paid $4,500 for salaries.
  5. Issued a check for $3,500 to a creditor.
  6. Performed services for $10,500 on credit.
  7. Purchased office equipment for $1,500 on credit.
  8. The owner withdrew $3,500 in cash for personal expenses.
  9. Issued a check for $650 to pay the monthly utility bill.

  1. Post the above transactions into the appropriate T accounts.
  2. Using the information shown, trial balance for Martin and Associates at December 31, 2019.

Can someone show me how to calculate this?

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