Prepare general journal entries to record these transactions. Larry Matt completed these transactions during December of the current year: Dec. 1 Began a financial services practice by investing $15,000 cash and office equipment having a $5,000 value. 2 Purchased $1,200 of office equipment on credit. 8 Completed work for Precept Paper Co. on credit, $1,700. 10 Paid for the equipment purchased on credit on December 2. 18 Received payment in full from Precept Paper Co. for the work completed on December 8. 30 Received $2,000 from a client for financial services to be rendered next year. Date Account Titles Debit Credit 6