Kermit Larson opened a law office on September 3 of the current year. During the first month of operations, the business completed the following transactions: Sep.3 Larson transferred $20,000 cash from his personal bank account to a business account entitled Kermit Larson, attorney, professional corporation (P.C.).The corporation issued common stock to Larson. 4 Purchased supplies, $200, and furniture, $1,800 on account. 6 Performed legal services for a client and received $1,800 on account. 7 Paid $15,000 cash to acquire land for an office site. 10 Defended a client in court, billed the client, and received his promise to pay the $600 within one week. 14 Paid for the furniture purchased September 4 on account. 16 Paid the telephone bill, $120. 17 Received partial payment from client on account, $500. 24 Paid the water and electricity bills, $110. 28 Received $1,500 cash for helping a client sell real estate. 30 Paid secretary’s salary, $1,200. 30 Declared and paid dividends of $2,400. Required (1) Record each transaction in the journal. (2) Prepare the trial balance of Kermit Larson, Attorney, p.c., at September 30 of the current year.