The consulting firm of Martin and Associates uses the accounts listed below. On a separate sheet of paper, set up T accounts for each of the accounts listed and record the balances as of December $1,20$X$1$ on the normal balance side of the accounts.

Cash $ $6,700$ Joan Martin, Capital $17,000$

Accounts receivable $9,700$ Joan Martin, Drawing $-0-$

Prepaid rent $-0-$ Fees income $-0-$

Office equipment $9,200$ Utilities expense $-0-$

Accounts payable $8,600$ Salaries expense $-0-$

The firm has the following transactions during the month of December $20$X$1.$ Record the effects of these transactions in the T accounts.

Paid $$2,700$ for one month's rent.

Collected $$6,500$ in cash from credit customers.

Performed services for $$8,700$ in cash.

Paid $$5,700$ for salaries.

Issued a check for $$4,700$ to a creditor.

Performed services for $$11,700$ on credit.

Purchased office equipment for $$2,700$ on credit.

The owner withdrew $$4,700$ in cash for personal expenses.

Issued a check for $$770$ to pay the monthly utility bill.

Post the above transactions into the appropriate T accounts.

Using the information shown, prepare a trial balance for Martin and Associates at December $31,20$X$1$ before any adjusting entries are made.