The following transactions are for Horace Brock, Landscape Consultant. TRANSACTIONS a. Brock invested $157,000 in cash to start the business. b. Paid $5,700 for the current month's rent. c. Bought office furniture for $16,420 in cash. A. Performed services for $7,900 in cash. e. Paid $1,220 for the monthly telephone bill. f. Performed services for $13,700 on credit. g. Purchased a computer and copier for $37,400, paid $12,700 in cash immediately with the balance due in 30 days. h. Received $6,850 from credit clients. 1. Paid $3,700 in cash for office cleaning services for the month. J. Purchased additional office chairs for $5,500; received credit terms of 30 days. k. Purchased office equipment for $37,000 and paid half of this amount in cash immediately; the balance is due in 30 days. 1. Issued a check for $9,100 to pay salaries. m. Performed services for $14,200 in cash. n. Performed services for $15,700 on credit. o. Collected $7,700 on accounts receivable from charge customers. p. Issued a check for $2,750 in partial payment of the amount owed for office chairs. q. Paid $670 to a duplicating company for photocopy work performed during the month. r. Paid $1,190 for the monthly electric bill. s. Brock withdrew $8,700 in cash for personal expenses. Post the above transactions into the appropriate T accounts. Cash Accounts Recevable Bal. Bal. Office Equipment Office Furniture Bal. Bal Accounts Payable Horace Brock, Capital Bal Bal. Horace Brock, Drawing Fees Income Bal Bal Rent Expense Utilities Expense Bal. Bal. Salaries Expense Telephone Expense Bal. Bal Miscellaneous Expense Bal. Analyze: What liabilities does the business have after all transactions have been recorded? Liabilities