Required information E3-12 (Static) Recording Journal Entries and Posting Effects to T-Accounts LO3-3, 3-4 At January 1 (beginning of its fiscal year), Freeman, Inc., reported the following account balances (in thousands, except for per-share values): a. Received $9,500 cash for consulting services rendered. b. Issued 10 additional shares of common stock at a market price of $120 per share. c. Purchased $640 of office equipment, paying 25% in cash and owing the rest on a short-term note. d. Received $890 from clients for consulting services to be performed in the next year. e. Bought $470 of supplies on account. f. Incurred and paid $1,800 in utilities for the current year. g. Performed $1,620 of consulting services, due from clients in the next year. h. Received $2,980 from clients paying on their accounts. i. Incurred $6,210 in salaries in the current year, paying $5,300 and owing the rest (to be paid next year). j. Purchased $1,230 in short-term investments and paid $800 for insurance coverage beginning in the next fiscal year. k. Received $10 in interest revenue earned in the current year on short-term investments. Journal entry worksheet 7 Received $9,500 cash for consulting services rendered. Note: Enter debits before credits