On January $3^{rd},2018,$ an attorney named Eric Lament opened a law office. These transactions were

completed during the month:

a$.$ Eric invested $$18,000$ cash and $$13,600$ worth of office equipment in the business in exchange

for capital stock

b$.$ Paid a month's of rent of $$2,300$

c$.$ Paid $$1,000$ for office supplies

d$.$ Collected legal fees of $$21,400$

e$.$ Paid secretary a salary of $$1,100$

f$.$ Purchased $$3,000$ worth of office supplies on account

g$.$ Bought an auto for business use. It cost $$15,000.$ $$2,600$ was paid in cash and the balance was

financed with a loan

h$.$ Paid dividends of $$5,500$

i$.$ Paid $$800$ for auto repairs and maintenance

j$.$ Received a $$240$ telephone bill

k$.$ Paid the $$240$ telephone bill

I. Paid premiums of $$2,400$ on property insurance for the next $12$ months

m$.$ Paid $$2,000$ on accounts Payable

n$.$ Paid $$5,000$ cash for stock investment in another company

o$.$ Paid $$500$ cash for janitor service

Instructions:

Prepare the journal entries for each transaction listed above

Record the transactions in the $T$ accounts $($ledgers$)$

Prepare a trial balance