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Tray Madden opened a law office on January 1, 2017 During the first month of operations, the business completed the following transactions Click the icon

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Tray Madden opened a law office on January 1, 2017 During the first month of operations, the business completed the following transactions Click the icon to view the transactions.) Read the requirements Requirement 1. Record each transaction in the journal, using the following account titles Cash; Accounts Receivable Office Supplies, Prepaid in Payable: Madden, Capital, Madden, Withdrawals: Service Revenue, Salaries Expense: Rent Expense; and Utilities Expense Explanations are no entries.) Jan. 1: Madden contributed $76,000 cash to the business, Trey Madden, Attorney The business gave capital to Madden Date Accounts Post. Ref. Debit Credit Jan 1 Jan 3. Purchased office supplies, $800, and furniture. $1200, on account Date Accounts and Explanation Post. Ref. Debit Credit Jan 3 Choose from any list or enter any number in the input fields and then continue to the next question O RI More Info anuary 1, 2017. During Hons.) -X Jan 1 on in the journal, using Athdrawals Service Rey 3 4 7 ling: Land, Ad s first, then c sh to the business, Tre Accounts 11 15 16 18 19 25 29 30 30 31 31 Madden contributed $76,000 cash to the business, Trey Madden, Attorney. The business gave capital to Madden, Purchased office supplies, 5800, and furniture, S1,200, on account Performed legal services for a client and received $1,500 cash Purchased a building with a market value of $150,000, and land with a market value of $24.000 The business paid $60,000 cash and signed a note payable to the bank for the remaining amount Prepared legal documents for a client on account, $1,000. Paid assistant's semimonthly salary, 51,140 Paid for the office supplies purchased on January 3 on account Received $2.800 cash for helping a client sell real estate Defended a client in court and billed the client for $600 Received a bill for utilities $450 The bill will be paid next month Received cash on account, $1.000 Paid $3 600 cash for a 12-month insurance policy starting on February 1 Paid assistant's semimonthly salary: $1 140 Paid monthly rent expense 51.100 Madden with drew cash of $3,200 and furniture. S 1 200 ts and Explanation ber in the input fields Pant Done 91

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