The consulting firm of Martin and Associates uses the accounts listed below. On a separate sheet of paper, set up Taccounts for each of the accounts listed and record the balances as of December 1, 20x1 on the normal balance side of the accounts. 17,200 Cash Accounts receivable Prepaid rent office equipment Accounts payable $5,900 Joan Martin, Capital 9,900 Joan Martin, Drawing -- Tees Income 9,400 Utilities expense 9,000 Salaries expense -- The firm has the following transactions during the month of December 20X1. Record the effects of these transactions in the accounts. a. Paid $2,900 for one month's rent. b. Collected $6,700 in cash from credit customers. c. Performed services for $8.900 in cash. d. Paid $5.900 for salaries. e. Issued a check for $4,900 to a creditor. f. Performed services for $11,900 on credit. 9. Purchased office equipment for $2,900 on credit. h. The owner withdrew $4,900 in cash for personal expenses. 1. Issued a check for $790 to pay the monthly utility bill. 1. Post the above transactions into the appropriate T accounts. 2. Using the information shown, prepare a trial balance for Martin and Associates at December 31, 20x1 before any adjusting entries are made. Cash Beg. bal. Beg. bal. b. 6.900 6,700 8.900 Accounts Receivable 9,900 11,900 6,700 b. C. 2,900 a. 5,900 d. 4,900 e. 4,900 h End, bal 15.100 7901 End. bal. 3.110 Prepaid Rent Office Equipment 9,400 2,900 Beg. bal Beg. bal 9 a 2,900 12,300 End, bal. 2.900 End, bal. Joan Martin, Capital Accounts Payable Beg. bal. Beg. bal End. bal. End. bal. Fees Eamed Joan Martin Drawing Joan Martin, Drawing Fees Earned Beg bal. Beg bal. End, bal. End, bal Utilities Expense Salaries Expense Bog bal Beg. bal End, bal End, bal > Trial Balance La Prepare a trial balance for Martin and Associates at December 31, 20x1 before any adjusting entries are made. (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 31, 20X1 Account Name Debit Credit Total $ 0 $ 0