The trial balance of Shawn Merry, CPA, is dated March 31, 2024: 

During April, the business completed the following transactions:

Requirements 

1. Record the April transactions in the journal. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Land; Furniture; Automobile; Accounts Payable; Unearned Revenue; Merry, Capital; Merry, Withdrawals; Service Revenue; Salaries Expense; and Rent Expense. Include an explanation for each entry. 

2. Open the four-column ledger accounts listed in the trial balance, together with their balances as of March 31. Use the following account numbers: Cash, 11; Accounts Receivable, 12; Office Supplies, 13; Land, 14; Furniture, 15; Automobile, 16; Accounts Payable, 21; Unearned Revenue, 22; Merry, Capital, 31; Merry, Withdrawals, 33; Service Revenue, 41; Salaries Expense, 51; and Rent Expense, 52. 

3. Post the journal entries to four-column accounts in the ledger, using dates, account numbers, journal references, and posting references. Assume the journal entries were recorded on page 5 of the journal. 

4. Prepare the trial balance of Shawn Merry, CPA, at April 30, 2024.

Transcribed Image Text:

Account Title Cash Accounts Receivable Office Supplies Land Furniture Automobile Accounts Payable Unearned Revenue Merry, Capital Merry, Withdrawals Service Revenue Salaries Expense SHAWN MERRY, CPA Trial Balance March 31, 2024 Rent Expense Total Balance Debit $ 11,000 16,500 400 30,000 0 0 0 5,600 800 $ 64,300 Credit $ 3,800 0 52,300 8,200 $ 64,300