P2-64A. (Learning Objectives 2, 3: Understanding how accounting works; analyzing and recording transactions) During December, Smith Auction Co. completed the following transactions: Smith's business uses the following accounts: Cash, Accounts Receivable, Supplies, Land, Accounts Payable, Notes Payable, Share Capital, Dividends, Service Revenue, Salary Expense, Advertising Expense, and Utilities Expense. Requirements 1. Journalize each transaction of Smith Auction Co. Explanations are not required. 2. Post to these T-accounts: Cash, Accounts Payable, and Notes Payable. 3. After these transactions, how much cash does the business have? How much in total liabilities does it owe