1 Wells opened a checking account on December 1 at Biltmore Bank, in the name of The Canine Hospital and deposited cash. Wells received common stock for her investment 2 Paid office rent for December. 3 Purchased office equipment on account. 4 Purchased supplies for cash. 5 Billed clients for services rendered. 6 Paid secretary's salary. 7 Paid on account for equipment purchased on Dec. 3. 8 Collected from clients for previously billed for services. 9 The company paid stockholders a cash dividend. $31,000 2,750 2,900 1,800 8,300 1,950 1,500 4,900 1,500 Cash Accounts Receivable (5) (8) Bal (1) (2) (4) (6) (7) (8) (9) Bal Office Equipment (3) Bal Supplies Bal Accounts Payable Common Stock (3) (1) Bal S Bal Dividends (9) Bal Professional Fees (5) Bal Salaries Expense Rent Expense (6) (2) Bal Bal Debit Credit . 31000 General Journal Ref. Description (1) Cash Common Stock To record issuance of common stock. (2) Rent Expense 31000 2900 2900 To record payment of rent expense. (3) Office Equipment Accounts Payable To record purchase of office equipment on account. (4) Supplies Cash To record purchase of supplies. (5) 1800 > 1800 ( To record professional fees billing. (6)