Make T-accounts...

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 $2,500 cash to the business on October 1, receiving shares of common stock in the company. 2 Purchased office equipment on account, $1,300, 3 Paid office rent for October, 51,600 4 Paid $10,500 to access online legal database for two years. 5 Billed clients for services rendered, $12,200 6 Made 56,900 payment on account for the equipment purchased on October 2. 7 Paid legal assistant's salary, 53,700. 8 Collected $10,300 from clients previously billed for services 9 Received invoice for October utilities, 51,080; it will be paid in November 10 Paid stockholders $2.400 as a cash dividend support Note: Use negative signs with your answers below, when appropriate. Accounting Equation Journal Entries T-Accounts Trial Balance Cash Accounts Receivable Database Subscription Office Equipment Accounts Payable. Common Stock Retained Earnings $ $ 1 2 4 5 6 7 8 9 10