PA 11. LO 3.5The following information is provided for the first month of operations for Legal Services Inc.: The business was started by selling $100,000 worth of common stock. Six months rent was paid in advance, $4,500. Provided services in the amount of $1,000. The customer will pay at a later date. An office worker was hired. The worker will be paid $275 per week. Received $500 in payment from the customer in C. Purchased $250 worth of supplies on credit. Received the electricity bill. We will pay the $110 in thirty days. Paid the worker hired in D for one weeks work. Received $100 from a customer for services we will provide next week. Dividends in the amount of $1,500 were distributed. Prepare the necessary journal entries to record these transactions. If an entry is not required for any of these transactions, state this and explain why