Problem 2-3 2 $20,000 b d. e year. Listed below is the business activity of the Jessie Gross Service entity. Owner, Jessie Gross invested $75,000 and office Equipment valued at Using the account titles listed in requirement "b", prepare journal entries Transfer the transactions from the journal to the t-accounts. Hired an accountant at a yearly salary of $80,000 Purchased office supplies, $350 on account. Purchased additional office supplies with cash, $100. Found an additional office site and signed a five year lease at $30,000 per f Purchased a six month insurance policy, $1,800. Provided service to a customer on account, $4,000. h Provided service to a customer and received cash $2,500. i. Collected $500 on the outstanding account receivable. i Paid utility bill, $225. Required 2. Determine if each business activity is a transaction. b. Open the following t-accounts: Cash Accounts Payable Accounts Receivable J. Gross, Capital Office Supplies Service Revenue Prepaid Insurance Utilities expense Office Equipment for the transactions. d. 35