The above represents the beginning balances for 2023 so when you open t-accounts (page 4), you must include these beginning balances. Exercise 1 (Step 1 of the accounting cycle): Journalize the following transactions Miller engaged in during 2023 (omit explanations). A list of accounts used by Miller are included on pages 4 and 5 in the form of t-accounts. 1. Miller purchased, with cash, new equipment for its office space on 1/1/23. The equipment cost Miller $5,000. 2. On 1/15/23, Miller purchased $900 of office supplies on account. 3. On 1/31/23, Miller collected cash from accounts receivable of $7,000. 4. In 2023, Miller provided legal services of $500,000 to clients and received cash. 5. On 2/15/23, Miller paid vendors $4,100 cash for the amount owed on accounts pavable. 6. On 4/1/23, Miller borrowed $75,000 cash from the local bank at 4% interest for one year. Record the entry that Miller would make on 4/1/23. 7. On 5/1/23 Miller rented office space and paid cash for one-year's rent of $10,200 in advance. The rental period began immediately. Record the entru that Miller would make on 5/1/23. 8. On 6/1/23, Miller received $9,600 cash from a client and in return Miller agreed to provide legal services for one year beginning immediately. Record the entry that Miller would make on 6/1/23. 9. During 2023, Miller incurred and paid cash for expenses totaling $41,300. The expenses were for utilities $24,000, advertising $7,500, telephone $6,600 and nostage $3.200. 10. On 10/1/23 Miller purchased a one-year insurance policy for $18,000 cash. The coverage is effective immediately. Record the entrv Miller would make on 10/1/23. 11. During 2023, Miller paid $169,900 cash to employees for work performed in 12. On 12/1/23, Miller paid dividends of $25.000 cash to its storkholdare