Mike Szabo Company engaged in the following transactions during the month of December: December 2 Made credit sales of $4,000 (accepted accounts receivable).
- 6 Made cash sales of $2,500.
- 10 Paid office salaries of $500.
- 14 Sold land that originally cost $2,200 for $3,000 cash.
- 17 Paid $6,000 for equipment.
- 21 Billed clients $900 for services (accepted accounts receivable).
- 24 Collected $1,200 on an account receivable.
- 28 Paid an account payable of $700.
Required: Record the transactions, using T-accounts.