Business transactions completed by Hannah Venedict during the month of September are as follows:

a. Venedict invested $90,000 cash along with office equipment valued at $21,000 in exchange for common stock of a new business named HV

b. Purchased land valued at $35,000 and a building valued at $165,000. The purchase is paid with $30,000 cash and a long-term note payable for $170,000.

c. Purchased $2,400 of office supplies on credit.

d. Venedict invested her personal automobile in the business in exchange for common stock. The automobile has a value of $16,800 and is to be used exclusively in the business.

e. Purchased $6,000 of additional office equipment on credit.

f. Paid $1,600 cash salary to an assistant.

g. Provided services to a client and collected $8,000 cash.

h. Paid $630 cash for this month's utilities.

i. Paid $2,400 cash to settle the account payable created in transaction c.

j. Purchased $20,000 of new office equipment by paying $20,000 cash.

k. Completed $6,250 of services for a client, who must pay within 30 days.

l. Paid $1,700 cash salary to an assistant.

m. Received $4,500 cash on the receivable created in transaction k.

n. Paid $2,900 for dividends.

Requirement 1:

Prepare general journal entries to record these transactions. (Omit the "$" sign in your response.)

Requirement 2:

Offline (not submitted or graded in this system): Open the following accounts–their account numbers are in parentheses (use the balance column format):

Cash (101);

Accounts Receivable (106);

Office Supplies (108);

Office Equipment (163);

Automobiles (164);

Building (170);

Land (172);

Accounts Payable (201);

Notes Payable (250);

Common Stock (307);

Dividends (319);

Fees Earned (402);

Salaries Expense (601);

Utilities Expense (602).

Post the journal entries from part 1 to the accounts and enter the balance after each posting.

Requirement 3:

Prepare a trial balance as of the end of September. (Omit the "$" sign in your response.)