Required information E3-12 (Algo) Recording Journal Entries and Posting Effects to T-Accounts LO3-3, 3-4 [The following information applies to the questions displayed below.] At January 1 (beginning of its fiscal year), Freeman, Incorporated, a financial services consulting firm, reported the following account balances (in thousands, except for par and market value per share): Cash Short-term investments Accounts receivable Supplies Prepaid expenses Office equipment $2,020 Accounts payable $330 530 3,690 Unearned revenue 1,440 Salaries payable 990 270 Short-term note payable. 900 4,840 1,290 Common stock ($1 par value) 170 Additional paid-in capital Retained earnings 6,680 2,130 a. Received $9,620 cash for consulting services rendered. b. Issued 34 additional shares of common stock at a market price of $180 per share. c. Purchased $760 of office equipment, paying 20 percent in cash and owing the rest on a short-term note. d. Received $1,010 from clients for consulting services to be performed in the next year. e. Bought $590 of supplies on account f. Incurred and paid $1,920 in utilities for the current year. g. Consulted for clients in the current year for fees totaling $1,740, due from clients in the next year. h. Received $3,100 from clients paying on their accounts. L Incurred $6,330 in salaries in the current year, paying $5,420 and owing the rest (to be paid next year). J. Purchased $1,350 in short-term investments and paid $920 for insurance coverage beginning in the next fiscal year. k. Received $70 in interest revenue earned in the current year on short-term investments