From the following transactions for Lucas Company for the month of May,
(a) Prepare journal entries (assume that it is page 1 of the journal),
(b) Post journal entries to the ledger (use a four-column account),
(c) Prepare a trial balance.
201X
May 1 Jenna Lucas invested $8,000 in the business.
4 Bought equipment from Ovak Co. for $1,300 on account.
15 Billed Sister Co. for services rendered, $2,000.
18 Received $7,000 cash for services rendered.
24 Paid salaries expense, $1,000.
28 Jenna withdrew $200 for personal use.
A partial chart of accounts includes Cash, 111; Accounts Receivable, 112; Equipment, 121; Accounts Payable, 211; J. Lucas, Capital, 311; J. Lucas, Withdrawals, 312; Fees Earned, 411; and Salaries Expense, 511.