Problem (25 points) Larry Matt completed these transactions during December of the current year: Began a financial services practice by investing $15,000 cash and Dec. 1 office equipment with a $5,000 value. 2 Purchased $1,200 of office equipment on credit. 3 Purchased $300 of office supplies on credit. 4 Completed work for a client and immediately received payment of $900 cash. 8 Completed work for Precept Paper Co. on credit, $1,700. 10 Paid for the supplies purchased on credit on December 3. 14 Paid for the annual $960 premium on an insurance policy. 18 Received payment in full from Precept Paper Co. for the work completed on December 8. 27 Larry withdrew $650 cash from the business to pay personal expenses. 30 Paid $175 cash for the December utility bills. 30 Received $2,000 in advance from a client for services to be performed next year. Prepare general journal entries to record these transactions