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The consulting firm of Martin and Associates uses the accounts listed below. On a separate sheet of paper, set up T accounts of the accounts listed and record the balances as of December 1, 20x1 on the normal balance side of the accounts Cash Accounts receivable Prepaid rent office equipment Accounts payable $5,300 Joan Martin, Capital 8,300 Joan Martin, Drawing -- Fees income 7,800 Utilities expense 5,800 Salaries expense 15,600 -- -- -- The firm has the following transactions during the month of December 20X1. Record the effects of these transactions in the accounts 0. Pald $1,300 for one month's rent: b. Collected $5,100 in cash from credit customers. c. Performed services for $7,300 in cash d. Paid $4,300 for salaries. e. Issued a check for $3,300 to a creditor f. Performed services for $10,300 on credit. 9. Purchased office equipment for $1,300 on credit h. The owner withdrew $3,300 in cash for personal expenses i. Issued a check for $630 to pay the monthly utility bill. 1. Post the above transactions into the appropriate Taccounts. 2. Using the information shown, prepare a trial balance for Martin and Associates at December 31, 20x1 before any adjusting entr are made Complete this question by entering your answers in the tabs below. Ledgers Trial Balance Prepare a trial balance for Martin and Associates at December 31, 20x1 before any adjusting entries are made. (The items in the Trial Balance should be grouped as follows: Assets and Liabilities (in order of their liquidity). Equity, Revenues, and Expenses.) MARTIN AND ASSOCIATES Trial Balance December 31, 20X1 Account Name Debit Credit Derey 5 of 18 !!! Next Ledgers Trial Balance Prepare a trial balance for Martin and Associates at December 31, 20X1 before the Trial Balance should be grouped as follows: Assets and Liabilities (in order Expenses.) MARTIN AND ASSOCIATES Trial Balance December 31, 20X1 Account Name Debit Credit Total 0

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