Required information E3-13 (Algo) Recording Journal Entries, Posting Effects to T-Accounts, and Computing Cash versus Accrual Besis Net Income LO3-3, 3-4 [The following information applies to the questions displayed below] At January 1 (beginning of its fiscal year), Conover, Inc, a financial services consulting firm, reported the following account balances (in thousands, except for par and matket value per share): This occount has a credi bolake representing the portion of the cost of the equipment used in the past. a. Recelved $9,600 cash for consulting services rendered. b. Issued 30 additional shares of common stock at a market price of $170 per share. c. Purchased $740 of office equipment, paying 25 percent in cash and owing the rest on a short-term note. d. Received $990 from clients for consulting services to be performed in the next year. e. Bought $570 of supplies on account. t. Incurred and paid $1,900 in utlities for the current year. g. Consulted for clients in the current year for fees totaling $1,720, due from clients in the next year. h. Recelved $3,080 from clients paying on their accounts. 1. Incurred $6,310 in solaries in the current year, paying $5,400 and owing the rest (to be paid next year) 1. Purchosed $1,330 in short-term investments and paid $900 for insurance coverage beginning in the next fiscal year; k. Received $60 in interest revenue earned in the current year on short-term investments. Required: 1. Prepare joumal entries for each transaction for the current year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in thousands, not in dollars.) Journal entry worksheet