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The assets, liabilities, and owners equity accounts for Carries Accounting Firm are below: Cash Office Supplies Office Equipment Accounts Receivable Accounts Payable Carrie, Capital Carrie,

The assets, liabilities, and owners equity accounts for Carries Accounting Firm are below:

Cash

Office Supplies

Office Equipment

Accounts Receivable

Accounts Payable

Carrie, Capital

Carrie, Drawing

Professional Fees

Utility Expense

Rent Expense

Salary Expense

Transactions:

  1. Carrie invested $75,000 cash
  2. Purchased office equipment on account from Torres company on account $12,000
  3. Purchased office supplies $1000 on account
  4. Received $700 for from a client
  5. Purchased office supplies for $300
  6. Paid salaries to employees $2500
  7. Billed customer Diamond for services provided $3000
  8. Paid utility bill $600
  9. Paid rent $3000
  10. Paid $6000 to Torres company (2)
  11. Received $2000 from Diamond (7)
  12. Carrie withdrew $3000 for personal use

Complete journal entries, post to the ledger, and prepare a trial balance.

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