Fran Stein started an environmental consulting company and during the first month of operations (February 2012) the business completed the following transactions:

a. Stein began the business with an investment of \($42,000\) cash and a building at \($25,000\). The business issued \($67,000\) of common stock to Stein.

b. Purchased office supplies on account, \($2,200\).

c. Paid \($19,000\) for office furniture.

d. Paid employee’s salary, \($2,000\).

e. Performed consulting services on account, \($3,100\).

f. Paid \($700\) of the account payable created in transaction (b).

g. Received a \($600\) bill for advertising expense that will be paid in the near future.

h. Performed consulting service for customers and received cash, \($800\).

i. Received cash on account, \($1,300\).

j. Paid the following cash expenses:
(1) Rent on equipment, \($900\).
(2) Utilities, \($800\).

k. Paid cash dividends of \($2,900\).
Requirements 1. Open the following four-column accounts: Cash, Accounts receivable, Office supplies, Office furniture, Building, Accounts payable, Common stock, Dividends, Service revenue, Salary expense, Rent expense, Advertising expense, and Utilities expense.
2. Record each transaction in the journal. Use the letters to identify the transactions.
3. Post to the accounts and keep a running balance for each account.
4. Prepare the trial balance of Stein Environmental Consulting Company at February 29, 2012.