Save & Exit The consulting firm of Martin and Associates uses the accounts listed below . Record the opening balances as of December 1 , 2019 on the normal balance side of the following T-Accounts . List of accounts with their opening balances . Cash $ 5 , 480 Accounts Receivable* Fees Income 8 , 480 Office Equipment Rent Expense - 0 - 7. 980 -B - Accounts Payable* Utilities Expense 6 , 080 - 0 - Joan Martin , Capital Salaries Expense . B - 15 , 780 Joan Martin , Drawing - 8 . The firm has the following transactions during the month of December 2019. Record the effects of these transactions in the T accounts a . Paid $1, 400 for one month's rent . b. Collected $5, 200 in cash from credit customers . C . Performed services for $7.400 in cash. d. Paid $4. 400 for salaries . e. Issued a check for $3. 400 to a creditor. F. Performed services for $10. 400 on credit 9. Purchased office Equipment for $1. 400 on credit! 17 . The owner withdrew $3. 400 in cash for personal EXPENSES 1 . Issued a check for $640 to pay the monthly utility bill` 1 . Post the above transactions into the appropriate accounts .` 2. Using the information shown prepare a*rial balance for Martin and Associates at December 31. 2019.Complete this question by entering your answers in the tabs below . Ledgers Trial Balance Post the above transactions into the appropriate T accounts . ( Record the transactions in the given order . " Cash Accounts Receivable Beg . bal . 5.400 Beg. bal. Bal Bal. 5. 400 Office Equipment Accounts Payable Beg. ball BEa ba!`\fkercise Saved Help Save & Exit Fees Income Rent Expense Beg. bal Beg. ball Bal. Ball Utilities Expense Salaries Expense Beg. ball Beg. bal. Bal. Bal. Trial BalanceLedgers Trial Balance Prepare a trial balance for Martin and Associates at December*} 1, 201S. The items in the Trial Balance Should be grouped as follows : Assets and Liabilities ( in order of their liquidity Equity Revenues and Expenses . !` MARTIN AND ASSOCIATES Trial Balance December 37. 2019 Account Name Debit Credit Total