After completing his Ph.D. in management, Tony Rosello set up a consulting practice. At the end of his first month of operation, Dr. Rosello had the following account bal- ances: Cash, $5,860; Accounts Receivable, $2,800; Office Supplies, $540; Office Equipment, $8,400; Accounts Payable, $3,800; Common Stock, $12,000; and Retained Earnings, $1,800. Soon thereafter, the following transactions were completed: a. Paid current month's rent, $800. b. Made payment toward accounts payable, $900. c. Billed clients for services performed, $1,600. d. Received payment from clients billed last month, $2,000. e. Purchased office supplies for cash, $160. f. Paid secretary's salary, $1,700. g. Paid utility expense, $180. h. Paid telephone expense, $100. i. Purchased additional office equipment for cash, $800. j. Received cash from clients for services performed, $2,400. k. Declared and paid dividends of $1,000.