Transaction Analysis and Trial Balance Make T-accounts for the following accounts that appear in the general ledger of Dave Jennings, an attorney: Cash; Accounts Receivable: Office Equipment: Legal Database Subscription: Accounts Payable; Common Stock Dividends: Legal Fees Earned; Salaries Expense; Rent Expense; and Utilities Expense. Using the accounting equation, record each of the transactions in a columnar format. Prepare journal entries and record the following October transactions in the T- accounts and key all entries with the number identifying the transaction. Determine the balance in each account and prepare a trial balance sheet as of October 31. 1 Jennings started his law practice by contributing $21.500 cash to the business on October 1, receiving shares of common stock in the company 2 Purchased office equipment on count, 511,400. 3 Paid office rent for October 31,100. 4 Paid 59,750 to access online legal database for two years 5 Billed clients for services rendered, $14,000 6 Made 16.000 payment on account for the equipment purchased on October 2. 7 Paid legal assistant's salary: $2800. 8 Collected $7.500 from clients previously billed for services 9 Received invoice for October utilities, 5190; will be paid in November 10 Paid stockholders $1,500 as a cash dividend. years Support 7:19 PM S 0 520 Financial Accounting myBusiness Course Business Course * Return to course General Journal Description Debit Credit To record stockholder contribution. To record office equipment purchased on account. To record payment of rent expense. To record prepayment for database service. Tomohillin for los come https://mybusinesscourse.com/platform/mod/quiz/attempt.php?attempt=33399128cmid-201991&page #e2_12a_stat_tab2 @ S Financial Accounting myBusiness Course Business Course # Return to course To record billing for legal services. To record payment on equipment. To record payment of salaries. To record receipt of cash front customers. (9) To record utilities expense. (10) To record cash payment of dividends