Question 11 Not complete Marked out of 4.35 Flag question Transaction Analysis and Trial Balance Make T-accounts for the following accounts that appear in the general ledger of Miller Cat Hospital, owned by R. Miller, a veterinarian: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Common Stock; Dividends; Professional Fees Earned; Salaries Expense; and Rent Expense. Using the accounting equation, record each of the transactions in columnar format. Prepare journal entries and record the following December transactions in the T-accounts and key all entries with the number identifying the transaction. Finally, determine the balance in each account and prepare a trial balance as of December 31. 1 Miller opened a checking account on December 1 at United Bank, in the name of Miller Cat Hospital and deposited cash. Miller received common stock for his investment. 2 Paid rent for December. 3 Purchased office equipment on account. 4 Purchased supplies for cash. $25,000 1,500 2,900 1,900 5 Billed clients for services rendered. 7,300 6 Paid secretary's salary. 1,950 7 Paid on account for equipment purchased on Dec. 3. 1,500 8 Collected from clients for previously billed for services. 9 Paid stockholders a cash dividend. 5,800 3,000 counte Trial Balance 9 Paid stockholders a cash dividend. 3,000 Accounting Template Journal Entries T-Accounts Trial Balance Topic 1 Homework Due June 6 at 7pm Note: Use a negative sign with your answers below, when appropriate. + Accounts Receivable + Cash 1 $ 0 $ Supplies + Office Equipment = Accounts Payable + Common Stock + Retained Earnings 0 $ tA 0 $ 0 $ 0 $ 0 $ 0 23456789 000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 000 0 $ 0+ $ 0+ $ 00 + $ Ooo 0 0 0 0 0 0 0 0 0 = $ 0 + $ 0 + $ 0 Check Mark 1.00 out of 1.00 JUN 1 A & Accounting Template Journal Entries T-Accounts Trial Balance General Journal Ref. (1) Description Debit Credit 0 0 0 0 To record issuance of common stock. 0 (2) To record payment of rent expense. (3) To record purchase of office equipment on account. (4) To record purchase of supplies. (5) 4 00 To record professional fees billing. (6) 0 0 To record payment of salaries expense. (7) 0 0 To record payment on office equipment. (8) n 00 0 0 0 00 00 00 0 0 0 0 00 (4) 0 0 To record purchase of supplies. (5) 0 0 0 0 To record professional fees billing. (6) 0 10 0 0 To record payment of salaries expense. (7) To record payment on office equipment. (8) A 0 0 0 0 10 0 0 0 To record receipt of cash from customers. 0 0 (9) 0 0 To record cash payment of dividends. Check Accounting Template Journal Entries T-Accounts Trial Balance Cash Accounts Receivable Office Equipment Supplies (1) 0 0 (5) 0 0 (3) 0 0 (4) 0 0 (2) 0 0 (8) 0 0 Bal 0 0 Bal 0 0 (4) 0 0 Bal 0 0 (6) 0 0 (7) 0 0 (8) 0 0 (9) 0 0 Bal 0 0 Accounts Payable Common Stock Dividends Professional Fees Earned (3) 0 0 (1) 0 0 (9) 0 0 (5) 0 0 (7) 0 0 Bal 0 0 Bal 0 0 Bal 0 0 Bal 0 0 (6) Bal Salaries Expense Rent Expense 0 0 (2) 0 0 0 0 Bal 0 0 Accounting Template Journal Entries T-Accounts Trial TRIAL BALANCE MILLER CAT HOSPITAL Trial Balance December 31 Debit Credit Cash $ 0 $ 0 Accounts Receivable 0 0 Supplies 0 0 Office Equipment 0 0 Accounts Payable 0 0 Common Stock 0 0 Dividends 0 0 Professional Fees Earned 0 0 Salaries Expense 0 0 Rent Expense 0 0 Totals $ 0 $ 0 Check