QUESTION 1 Not complete Marked out of 20.00 Rag Transaction Analysis and Trial Balance Make T-accounts for the following accounts that appear in the general ledger of Mathew Thomas an attorney Cash; Accounts Receivable; Office Equipment; Legal Database Subscription; Accounts Payable; Common Stock; Dividends; Legal Fees Earned; Salaries Expense:; Rent Expense; and Utilities Expense. Using the accounting equation, record each of the transactions in columnar format. Prepare journal entries and record the following October transactio the T-accounts and key all entries with the number identifying the transaction. Determine the balance for each account and prepare a trial balance as of October 31 Oct. 1 Thomas started his law practice by contributing $20,500 cash to the business on October 1: he received common stock for his investment 2 Purchased office equipment on account, $12,500 3 Paid office rent for October, $800. 4 Paid $11,700 to access online legal database for two years. 5 Billed clients for services rendered, $11,400. 6 Made $6,100 payment on account for the equipment purchased on October 2. 7 Paid legal assistant's salary, $2.900. 8 Collected $9,500 from clients previously billed for services 9 Received invoice for October utilities, $280: it will be paid in November. 10 The firm paid stockholders $2,100 cash as a dividend