Set up T accounts for Cash; Accounts receivable; Supplies; Equipments:; Accounts Payable; Capital Stock; Dividends; Fees earned; Wages expenses; and Rent Expense. In the T Accounts , recover the following transactions of knowles consultant services for may, 2021, identifying eachentry by letter or number: Received $10,000 from Shirley Knowles in exchange of capital stock . Purchased equipment for 35,000, paying $10,000 in cash and buying the rest on account. Paid $1,000 for rent for march. Purchased $8,500 of supplies on account. Paid $2, 500 of fees earned . Received $11,000 in cash for fees earned Paid $200 to creditor ons on account. Paid wages of $1,250 Received $1,150 from Customers on account Recovered dividends