Problem 2-3 Jay Ball completed these transactions during November of the current year: a new chiropractic practice by imvesting s 27 000 in cash and medical e- uipment having a S 20 500 fair value. 1 Rented the fumished office of a chiropractor who was retiring and paid the rent (expense) for November, 1 600 1 Took out a malpractice insurance policy giving one year's protection and paid the premium (expense) for the month of November,$ 1 500. 3 Purchased medical supplies on credit, $ 580. 9 Completed chiropractic work and immediately collected s 2 400 cash for the 13 Paid for the medical supplies purchased on November 3 16 Completed chiropractie work for Ed Albe on credit, $ 700. 23 Completed chiropractic work for Pat Gillespie on credit, 200 26 Received s 700 from Ed Albe for the work completed on Nov. 16 28 Jay Ball wrote a $ 70 check on the bank account of the chiropractic practice to pay his home telephone bill 29 Purchased additional medical supplies on credit, 340 30 Paid the November telephone bill of the office, $ 80 30 Paid the salaries of the receptionist and assistant, S 2 350. 30 Prepaid the reat on the office for December and January, S 3 200 30 Prepaid the malpractice insurance premium for the next three months, S 4 500 Required a. Open the following accounts: Cash; Accounts Receivable; Medical Supplies; Prepaid Insurance; Prepaid Rent; Medical Equipment; Accounts Payable Jay Ball, Capital; Jay Ball Withdrawals; Chiropractic Fees Earned: Salaries Expense; Insurance Expense:; Rent Expense; and Telephone Expense. b. Prepare general journal entries to record the transactions, post to the accounts, and pre- pare a trial balance titled Jay Ball, Chiropractor c. Prepare an income statement for the month ended November 30. d. Prepare a statement of changes in owner's equity for the month ended November 30 e. Prepare a balance sheet dated November 30