Transaction Analysis and Trial Balance Daniel Kelly, an attorney opened his law practice on October 1. Prepare journal entries for the following October transactions, post the entries to the T-accounts, and prepare a trial balance: 11 Kelly started his law practice by contributing $19,500 cash to the business on October 1, receiving shares of common stock in the company. 2) Purchased office equipment on account, $10,400 3) Paid office rent for October, $700, 4) Paid 59,600 to access online legal database for two years. 5) Billed dients for services rendered, 511,300. 6) Made 56,000 payment on account for the equipment purchased on October 2. 71 Paid legal assistant's salary, 52,800 8) Collected 59,400 from clients previously billed for services. 9) Received invoice for October utilities, 5180; it will be paid in November 10) The company paid stockholders $1.500 as a cash dividend. Debic Credit 0 0 1) To record stockholder contribution 0 D 0 n 2) To record office equipment purchased on account 0 0 0 0 3) To record payment of rent expense 0 0 0 : 0 4) To record prepayment for database service 0 0 0 0 5) To record billing for legal services 0 00 0 6) To record payment on equipment 0 0 0 0 7) To record payment of salaries 0 : 0 0 0 8To record receipt of cash from customers 0 0 0 9) To record utilties expense e 0 0 0 4 10 To record cash payment of dividends For Taccounts, enter your answers in the first available field under the appropriate debitor credit column Cash Accounts Receivable Legal Database Suhaription Office Equipment 0 0 0 0 0 D 0 tan 0 Accounts Payable Cement Dividende Lagal Feed Eamed 0 o 0 0 O BE 0 Salaries Expense Rent Expanse Utilities Experie Daniel Kelly, Attorney at Law Trial Balance October 31 Debit Credit Cash 0 0 0 0 0 0 0 0 0 0 0 0 Accounts receivable Legal database subscription Office equipment Accounts payable Common stock Dividends Legals fees earned Salaries expense Rent expense Utilities expense Totals 0 0 0 0 0 0 0 0 0 0 $ $ 0 $ 0