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Question $2$

Question $3$

Question $4$

More info

a$.$ Eric Mariotti opened a law firm by investing $$22,000$ cash and office furniture with a fair value of $$9,500.$ Organized as a professional corporation, the business issued common stock to Mariotti.

b$.$ Paid monthly rent of $$1,600.$

c$.$ Purchased office supplies on account, $$1,500.$

d$.$ Paid employees' salaries of $$3,500.$

e$.$ Paid $$200$ of the accounts payable created in transaction c$.$

f$.$ Performed legal service on account, $$10,400.$

g$.$ Declared and paid dividends of $$2,300.$

rs to identify the transactions.

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Incorrec

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Review the following transactions.

$($i$)($Click the icon to view the transactions.$)$

Requirement

Record the transactions directly in the T$-$accounts without using a journal. Use the IAters to identify the transactions. Determine the ending balance in each account.

$($Select the "Bal" label on the normal balance side of the account and enter the ending balances.$)$