Matthew Thomas, an attorney, started a law practice on October 1 of the current year, Using the horizontal worksheet below, record the following October transactions. Total the columns to show that assets equal liabilities plus stockholders' equity as of October 31. 01. Thomas started his law practice by contributing $20,000 cash to the business on October 1; he received common stock for his investment 02. Purchased office equipment on account, $12,400. 03. Paid office rent for October, $700. 04. Paid $11,600 to access online legal database for two years. 05. Billed clients for services rendered, $11,300. 06. Made $6,000 payment on account for the equipment purchased on October 2. 07. Paid legal assistant's salary, $2,800. 08. Collected $9,400 from clients previously billed for services. 09. Received invoice for October utilities, $180; it will be paid in November. 10. The firm paid stockholders $2,000 cash as a dividend. Note: Use negative signs with answers, when appropriate. Cash + 0 Assets = Liabilities + Legal Accounts Database Office Accounts + Receivable + Subscription + Equipment = Payable 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Stockholders' Equity Retained Earnings Common Stock + Revenue Expenses Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Transaction 1. Invested cash to begin business, 2. Purchased office equipment 3. Paid office rent 4. Paid for database access. 5. Billed clients for services rendered. . 6. Made partial payment on account. 7. Paid assistant's salary. 8. Collected from clients previously billed. 9. Received invoice for utilities. 10. Paid stockholders a dividend. TOTALS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0