Problem 3 Following are transactions completed by Elmer Fudd, Inc. during the month of September 2017, the first month of operations. OOO O Freddy Fudd contributed $325,000 in exchange for common stock Purchased supplies of $5,400 on account Performed services for cash $7,600 Purchased some equipment for $42,300 paying $20,000 in cash and giving a note for the balance Paid the rent on a retail store for September in the amount of $4,600 Received cash from a client for future services in the amount of $8,000 Received a bill for utilities for $3,100 D S.- Paid Dividends of $5,000 Paid $1,300 to a creditor on account Performed services to a client on account in the amount of $5,800 Paid cash for an insurance policy for $1,400 covering the next year of operations . Required: Record the transactions in T accounts and determine the ending balance in each account. Prepare a trial balance as of September 30, 2017