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| Marked out of 30.00 P Flag question Transaction Analysis and Trial Balance Make T-accounts for the following accounts that appear in the general ledger of Daniel Kelly, an attorney: Cash; Accounts Receivable; Office Using the accounting equation, record each of the transactions in a columnar format. Prepare journal entries and record the following Octa 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, 5900. 4 Paid 59.750 to access online legal database for two years. 5 Billed clients for services rendered, $11,500. 6 Made 56,000 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. 5190, it will be paid in November. 10 Paid stockholders $2.000 as a cash dividend. Cash + Accounts Receivable + Database Subscription. Orice Equipment Accounts Payable - Common Stock - Retained Earnings W 000 General Journal Description Debit Credit General Journal Description Debit Date (1) Credit To record stockholder contribution. (2) To record office equipment purchased on account. To record payment of rent expense. To record prepayment for database service. To record billing for legal services. To record payment on equipment. To record payment of salaries. To record receipt of cash from chi To record uti ties expense. To record cash payment of dividends Bora Ublites expense. To record cash payment of dividends Cash Accounts Receivable Office Equipment Legal Database (5) e a 996 FEESE Accounts Payable Determine the balance in each account and prepare a trial balance sheet as of October 31 DANIEL KELLY, ATTORNEY ATLAN Trial Balance October 31 Debit Accounts Receta Orice out Les Database Commons Didad Determine the balance in each account and prepare a trial balance sheet as of October 31. DANIEL KELLY, ATTORNEY-AT-LAW Trial Balance October 31 Debit Credit Cash Accounts Receivable Office Equipment Legal Database Subscription Accounts Payable Common Stock Dividends Legal Fees Earned Salaries Expense Rent Expense Utilities Expense Totals Check Previous Save Answers Belo end Terms of Use