Hello i need help with this project. With the information provided below, there are journal entries that need to made as followed in part A using the accounts. I would greatly appreciate it$.$ Thank youSpecter & Associates

Balance Sheet

As of August $31,2024$

Assets

Current assets:

Noncurrent assets:

Part A: The Following transactions took place during September of $2024.$ Prepare journal entries as needed.

$9/1$ Purchased a one$-$year malpractice insurance policy for $$1,800$ cash.

$\frac{9}{2}$ Collected $$20,000$ from clients in advance of performing legal services

$\frac{9}{3}.$ Purchased office supplies for $$4,250$ on account.

$\frac{9}{7}$ Paid salaries totaling $$4,000.$ Half of the amount paid was earned by employees in August, $2024.$

$9/10$ Paid $$800$ cash for utilities.

$9/15$ Paid $$3,800$ of the amount owed on account.

$9/19$ Collected $$4,000$ of the amount owed to the firm on account.

$9/21$ Paid salaries of $$2,200.$

$9/25$ Incurred advertising costs in the amount of $$1,200.$ The bill will be paid in October.

$9/30$ Withdrew $$5,000$ cash from the business for personal use.