Michael Rose opened a law office on April 1, 2025. During the first month of operations, the business completed the following transactions:

Requirements 

1. Record each transaction in the journal, using the following account titles: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Land; Building; Furniture; Accounts Payable; Utilities Payable; Notes Payable; Rose, Capital; Rose, Withdrawals; Service Revenue; Salaries Expense; Advertising Expense; and Utilities Expense. Explanations are not required.
2. Open the following four-column accounts including account numbers: Cash, 101; Accounts Receivable, 111; Supplies, 121; Prepaid Insurance, 131; Land, 141; Building, 151; Furniture, 161; Accounts Payable, 201; Utilities Payable, 211; Notes Payable, 221; Rose, Capital, 301; Rose, Withdrawals, 311; Service Revenue, 411; Salaries Expense, 511; Advertising Expense, 521; and Utilities Expense, 531.

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 1 of the journal.
4. Prepare the unadjusted trial balance of Michael Rose, Attorney, at April 30, 2025.

Transcribed Image Text:

Apr. 1 3 Rose contributed $62,000 cash to the business, Michael Rose, Attorney. The business gave capital to Rose. Purchased supplies, $500, and furniture, $2,000, on account. 4 Performed legal services for a client and received $1,900 cash. 7 11 15 16 18 19 25 28 29 29 Purchased a building with a fair value of $120,000, and land with a fair value of $30,000. The business paid $50,000 cash and signed a note payable to the bank for the remaining amount. Prepared legal documents for a client on account, $1,100. Paid assistant's semimonthly salary, $920. Paid for the supplies purchased on April 3 on account. Received $1,700 cash for helping a client sell real estate. Defended a client in court and billed the client for $700. Received a bill for utilities, $300. The bill will be paid next month. Received cash on account, $800. Paid $1,200 cash for a 12-month insurance policy starting on May 1. Paid assistant's semimonthly salary, $920. 30 Paid monthly advertising expense, $730. Rose withdrew cash of $2,700. 30