Required information E3-12 (Algo) Recording Journal Entries and Posting Effects to T-Accounts LO3-3, 3-4 [The following information applies to the questions displayed below.] At January 1 (beginning of its fiscal year). Freeman, Incorporated, a financial services consulting firm, reported the following account balances (in thousands, except for par and market value per share): a. Received $9,520 cash for consulting services rendered. b. Issued 14 additional shares of common stock at a market price of $130 per share. c. Purchased $660 of office equipment, paying 20 percent in cash and owing the rest on a short term note. d. Recelved $910 from clients for consulting services to be performed in the next year. e. Bought $490 of supplies on account. f. Incurred and pald $1,820 in utilities for the current year. 9. Consulted for cllents in the current year for fees totaling $1,640, due from clients in the next year. h. Recelved $3,000 from clients paying on their accounts. 1. Incurred $6,230 in salarles in the current year, paying $5,320 and owing the rest (to be pald next year). 1. Purchased $1,250 in short term investments and paid $820 for insurance coverage beginning in the next fiscal yeu k. Recelved $20 in interest revenue earned in the current year on short-tem investments. k. Recelved $20 in interest revenue earned in the current year on short-term investments. E3-12 Part 1 Required: Prepare journal entries for each transaction for the current year. Note: If no entry is required for o transaction/event, select "No journal entry required" in the first account field. Enter your answers n thousands, not in dollars. Required information E3-12 (Algo) Recording Journal Entries and Posting Effects to T-Accounts LO3-3, 3-4 [The following information applies to the questions displayed below.] At January 1 (beginning of its fiscal year). Freeman, Incorporated, a financial services consulting firm, reported the following account balances (in thousands, except for par and market value per share): a. Received $9,520 cash for consulting services rendered. b. Issued 14 additional shares of common stock at a market price of $130 per share. c. Purchased $660 of office equipment, paying 20 percent in cash and owing the rest on a short term note. d. Recelved $910 from clients for consulting services to be performed in the next year. e. Bought $490 of supplies on account. f. Incurred and pald $1,820 in utilities for the current year. 9. Consulted for cllents in the current year for fees totaling $1,640, due from clients in the next year. h. Recelved $3,000 from clients paying on their accounts. 1. Incurred $6,230 in salarles in the current year, paying $5,320 and owing the rest (to be pald next year). 1. Purchased $1,250 in short term investments and paid $820 for insurance coverage beginning in the next fiscal yeu k. Recelved $20 in interest revenue earned in the current year on short-tem investments. k. Recelved $20 in interest revenue earned in the current year on short-term investments. E3-12 Part 1 Required: Prepare journal entries for each transaction for the current year. Note: If no entry is required for o transaction/event, select "No journal entry required" in the first account field. Enter your answers n thousands, not in dollars