Sophie Vaillancourt started an investment management business, Vaillancourt Management, on June 1, 2020. During the first month of operations, the business completed the following selected transactions:

Required - 1. Record each transaction in the journal.
2. Open the following three-column ledger accounts: Cash, \#1100; Accounts Receivable, \#1300; Office Supplies, \#1400; Office Furniture, \#1500; Building, \#1700; Land, \#1800; Accounts Payable, \#2100; Sophie Vaillancourt, Capital, \#3100; Sophie Vaillancourt, Withdrawals, \#3200; Service Revenue, \#4100; Advertising Expense, \#5100; Equipment Rental Expense, \#5300; Salaries Expense, \#5500; Utilities Expense, \#5700.
3. Post to the accounts and keep a running balance for each account.
4. Prepare the unadjusted trial balance of Vaillancourt Management at June 30, 2020.

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Jun. 1 34212 15 24 222 25 26 29 30 Vaillancourt began the business with an investment of $20,000 cash, land valued at $60,000, and a building valued at $120,000. The business gave her owner's equity in the business for the value of the cash, land, and building. (Hint: This is a compound journal entry.) Purchased office supplies on account, $2,600. Paid $15,000 cash for office furniture. Paid employee salary, $2,200 cash. Performed consulting service on account for clients, $12,100. Paid in cash $800 of the account payable created by purchasing office supplies on June 3. Received a $2,000 bill for advertising expense that will be paid in the near future. Performed consulting services for customers and received cash, $5,600. Received cash on account, $2,400. Paid the following expenses with two separate cheques: (1) Rent of photocopier, $1,700. (2) Utilities, $400. Vaillancourt withdrew $6,500 cash for personal use.