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question journalize transactions post p2 2a julia dumars is a licensed cpa during th 4279017

Question

Journalize transactions, post, P2-2A Julia Dumars is a licensed CPA. During the first month of operations of her busi and prepare a trial balance. ness, Julia Dumars, Inc., the following events and transactions occurred. LO 2,4 6,7) May Stockholders invested $20,000 cash in exchange for common stock 2 ired a secretary receptionist at a salary of $2,000 per month. GLS 7 1 12 17 31 31 Purchased $1,500 of supplies on account from Vincent Supply Company Paid office rent of $900 cash for the month. Completed a tax assignment and billed client S2.800 for serviccs performed. Received $3,500 advance on a management consulting engagement. Received cash of $1,200 for services performed for Orville Co. Paid secretary-receptionist $2,000 salary for the month. Paid 40% of balance due Vincent Supply Company. Julia uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 209 Unearned Service Revenue, No. 311 Common Stock, No. 400 Service Revenue, No. 726 Salaries and Wagos Expense, and No. 729 Rent Expense. Instructions (a) Journalize the transactions (b) Post to the ledger accounts. )Trial balance totals $28,400 (e) Prepare a trial balance on May 31, 2015

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