Complete the T-account chart based on the opening balances provided for each account and the transactions listed. Calculate the ending balance for each account Opening balances are shown in green (L03) Withdrew $5,000 from legal practice for personal use. Billed and received payment for legal services rendered. $2,300 (Client A) 1 2 3 Received payment for legal services rendered, $1,800 (Client B). This client was billed previously and an account receivable for the amount of the account had been recorded at that time. Paid supplier for legal texts, $400 5 Paid process server for filing court documents, $130. 6 Paid for Internet and business email services, $105 7 Obtained business line of credit, $15,000 Paid interest on bank loan, $85 Using the worksheet provided, complete the expanded accounting equation by recording the following transactions (LOS) Balances from the opening balance sheet were entered by Ann Litigate. She had invested $8,000 in her firm 2 Office equipment costing $800 was purchased and paid for using cash. 3 Ann purchased $900 worth of office furniture from a furniture store on account 4 Ann paid for personal expenses from the firm's bank account in the amount of $1,500. 5 Legal fees of $1,600 were invoiced to a client and the client paid the bill. 6 Legal fees of $800 were invoiced to a client and the client has not paid the bill. 7 7 Ann paid one month's salaries expense in the amount of $2,000. For the toolbar, press ALT+F10 (PC) or ALT-FN-F10 (Mac) Complete the T-account chart based on the opening balances provided for each account and the transactions listed. Calculate the ending balance for each account Opening balances are shown in green (L03) Withdrew $5,000 from legal practice for personal use. Billed and received payment for legal services rendered. $2,300 (Client A) 1 2 3 Received payment for legal services rendered, $1,800 (Client B). This client was billed previously and an account receivable for the amount of the account had been recorded at that time. Paid supplier for legal texts, $400 5 Paid process server for filing court documents, $130. 6 Paid for Internet and business email services, $105 7 Obtained business line of credit, $15,000 Paid interest on bank loan, $85 Using the worksheet provided, complete the expanded accounting equation by recording the following transactions (LOS) Balances from the opening balance sheet were entered by Ann Litigate. She had invested $8,000 in her firm 2 Office equipment costing $800 was purchased and paid for using cash. 3 Ann purchased $900 worth of office furniture from a furniture store on account 4 Ann paid for personal expenses from the firm's bank account in the amount of $1,500. 5 Legal fees of $1,600 were invoiced to a client and the client paid the bill. 6 Legal fees of $800 were invoiced to a client and the client has not paid the bill. 7 7 Ann paid one month's salaries expense in the amount of $2,000. For the toolbar, press ALT+F10 (PC) or ALT-FN-F10 (Mac)