(Learning Objective 5: Recording transactions without a journal) Set up the following T-accounts: Cash, Accounts Receivable, Offi ce Supplies, Offi ce Furniture, Accounts Payable, Share Capital, Dividends, Service Revenue, Salary Expense, and Rent Expense. Record the following transactions directly in the T-accounts without using a journal. Use the letters to identify the transactions.

a. Linda Conway opened a law fi rm by investing €11,000 cash and offi ce furniture valued at €9,100. Organized as a corporation, the business issued ordinary shares to Conway.

b. Paid monthly rent of €1,200.

c. Purchased offi ce supplies on account, €700.

d. Paid employee salaries of €2,200.

e. Paid €300 of the accounts payable created in Transaction c.

f. Performed legal service on account, €8,300.

g. Declared and paid dividends of €2,100.