Question 1 - Problem Solving (60 points) Claire Smith is a famous painter. During the first month of the operation of her business, the following events and transactions occurred. January 1 Shareholder invested $ 30,000 cash in exchange for ordinary shares. 3 Purchased an equipment on account for $1,900. 7 Billed a client $3,200 for services performed. 20 Received cash of $ 1,250 from the client billed on 7th January. Claire Smith uses the following accounts to record transactions: Cash, Share Capital - Ordinary, Equipment, Accounts payable, Service Revenue, Accounts receivable. ) b) Post journal entries to T-accounts. (28 points)