Make T-accounts for the following accounts that appear in the general ledger of Daniel Kelly, an attorney: Cash; Accounts Receivable; Office Equipment; Legal Database Subscription; Accounts Payable; Common Stock; Dividends; Legal Fees Earned; Salaries Expense; Rent Expense; and Utilities Expense.

Using the accounting equation, record each of the transactions in a columnar format. Prepare journal entries and record the following October transactions in the T-accounts and key all entries with the number identifying the transaction. Determine the balance in each account and prepare a trial balance sheet as of October 31.

Oct.	1	Kelly started his law practice by contributing $21,500 cash to the business on October 1, receiving shares of common stock in the company.
	2	Purchased office equipment on account, $11,400.
	3	Paid office rent for October, $900.
	4	Paid $9,750 to access online legal database for two years.
	5	Billed clients for services rendered, $11,500.
	6	Made $6,000 payment on account for the equipment purchased on October 2.
	7	Paid legal assistant's salary, $2,800.
	8	Collected $8,400 from clients previously billed for services.
	9	Received invoice for October utilities, $190; it will be paid in November.
	10	Paid stockholders $2,000 as a cash dividend.

Note: Use negative signs with your answers below, when appropriate.

• Accounting Equation
• Journal Entries
• T-Accounts
• Trial Balance