The trial balance of Seth Knoll, CPA, P.C., is dated November 30, 2011:

During December, Knoll or his business completed the following transactions:

Requirements 

1. Record the December transactions in the journal. Include an explanation for each entry.
2. Post the transactions to four-column accounts in the ledger, using dates, account numbers, journal references, and posting references. Open the ledger accounts listed in the trial balance, together with their balances at November 30.
3. Prepare the trial balance Seth Knoll, CPA, P.C., at December 31, 2011.

Transcribed Image Text:

SETH KNOLL, CPA, P.C. Trial Balance November 30, 2011 Account No. Account Debit Credit 11 Cash $ 3,000 12 Accounts receivable 8,700 13 Supplies 700 14 Land 16,000 21 Accounts payable $ 4,200 31 Common stock 24,200 32 Dividends 41 Service revenue 51 Salary expense 52 Rent expense Total $ 28,400 $ 28,400