E2-23A (Learning Objective 5: Recording transactions without a journal) Set up the following T-accounts: Cash, Accounts Receivable, Office Supplies, Office Furniture, Accounts Payable, Common Stock, 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 Oxford opened a law firm by investing $12,000 cash and office furniture valued at $8,600. Organized as a professional corporation, the business issued common stock to Oxford. b. Paid monthly rent of $1,000. c. Purchased office supplies on account, $700. d. Paid employees salaries of $2,000. e. Paid $300 of the account payable created in Transaction c. f. Performed legal service on account, $8,100. g. Declared and paid dividends of $2,900. E2-24A (Learning Objective 4: Preparing and using a trial balance) Refer to Exercise 2-23A. writing assignment 1. After recording the transactions in Exercise 2-23A, prepare the trial balance of Linda Oxford, Attorney, at May 31, 2010. Use the T-accounts that have been prepared for the business. 2. How well did the business perform during its first month? Compute net income (or net loss) for the month. Only need problem # E2-24A