Lummus Management Services opens for business and completes these transactions in September:

Required 1. Prepare general journal entries to record these transactions (use account titles listed in part 2).
2. Open the following ledger accounts—their account numbers are in parentheses (use the bal¬ ance column format): Cash (101); Accounts Receivable (106); Office Supplies (124); Prepaid Insurance (128); Prepaid Rent (131); Office Equipment (163); Accounts Payable (201); R. Lummus, Capital (301); R. Lummus, Withdrawals (302); Service Fees Earned (401); and Utilities Expense (690). Post journal entries from part 1 to the ledger accounts and enter the balance after each posting.
3. Prepare a trial balance as of the end of this month’s operations.

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Sept. 1 Rhonda Lummus, the owner, invests $28,000 cash along with office equipment valued at $25,000 in the business. 2 Prepaid $10,500 cash for twelve months' rent for office space. (Hint: Debit Prepaid Rent for $10,500.) Made credit purchases for $9,000 in office equipment and $1,200 in office supplies. Payment is due within 10 days. 8 Completed work for a client and immediately received $2,600 cash. 12 Completed a $13,400 project for a client, who must pay within 20 days. 13 Paid $10,200 cash to settle the account payable created on September 4. 19 Paid $5,200 cash for the premium on an 18-month insurance policy. (Hint: Debit Prepaid Insurance for $5,200.) 22 Received $7,800 cash as partial payment for the work completed on September 12. 24 Completed work for another client for $1,900 on credit. 28 Lummus withdrew $5,300 cash for personal use. 29 Purchased $1,700 of additional office supplies on credit. 30 Paid $460 cash for this month's utility bill.