Recording Transactions in Journal Entries and T$-$Accounts

On December $1,$ R$.$ Lambert formed Lambert Services, which provides career and vocational counseling services to graduating college students. The following transactions took place during December.

$1.$ Raised $$21,000$ cash through common stock issuance.

$2.$ Paid $$2,250$ cash for supplies and training materials.

$3.$ Received $$1,500$ invoice for December advertising expenses.

$4.$ Borrowed $$45,000$ cash from bank and signed note payable for that amount.

$5.$ Received $$3,600$ cash for counseling services rendered.

$6.$ Billed clients $$20,400$ for counseling services rendered.

$7.$ Paid $$6,600$ cash for secretary salary.

$8.$ Paid $$1,110$ cash for December utilities.

$9.$ Declared and paid a $$2,700$ cash dividend.

$10.$ Purchased land for $$39,000$ cash to use for its own facilities.

$11.$ Paid $$300$ cash to bank as December interest expense on note payable.

Use the information above to complete the following.

a$.$ Prepare journal entries for each of the transactions $1$ through $11.$

b$.$ Set up T$-$accounts for each of the accounts used in part a and post the journal entries to those T$-$accounts.