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ivote: use a negative sign with your answers below, when appropriate

uataoas suoscnptlon: Accounts payable; common stock Dividends; Legal Fees Earned; Salaries Expense; Rent Expense: and Utilities Expense. Using the accounting equation, record each of the transactions in columnar format. Prepare journal entries and record the following October transactions in the T-accounts and key all entries with the number identifying the transaction. Determine the balance for each account and prepare a trial balance as of October 31. Oct. 1 'Thomas started his law practice by contributing S30,000 cash to the business on October I; he received common stock for his investment 2 Purchased office equipment on account, S14,430. 3 Paid office rent for October, 52,730. 4 L Paid S13,630 to access online legal database for O,vo years. 5 Billed clients for services rendered, S17,330. 6 Made S8,030 payment on account for the equipment purchased on October 2. 7 Paid legal assistant's salary, S4,830. 8 Collected Sl 1 ,430 from clients previously billed for services. 9 Received invoice for October utilities, S2,210; it will be paid in November. 10 The firm paid stockholders S4,030 cash as a dividend. Note: Use a negative sign with your answers below. when appropriate. Accounting Equation Journal Entries T-Accounts Trial Balance Cash Accoune Receivable Database Accoune Common + Stock Retained Earnings 2, + Subscription + Equipment Payable 1 'port