Diana Filner obtained a corporate charter from the state of Virginia and started a consulting service. During the first month of operations, the business completed the following selected transactions:

a. Filner began the business with an investment of \(\$ 7,000\) cash and a building valued at \(\$ 60,000\). The corporation issued common stock to Filner.

b. Borrowed \(\$ 30,000\) from the bank; signed a note payable.

c. Purchased office supplies on account, \(\$ 1,300\).

d. Paid \(\$ 18,000\) for office furniture.

e. Paid employee salary, \(\$ 2,200\).

f. Performed consulting service on account for client, \(\$ 2,100\).

g. Paid \(\$ 800\) of the account payable created in Transaction (c).

h. Received a \(\$ 600\) bill for advertising expense that will be paid in the near future.

i. Performed consulting service for customers and received cash, \(\$ 1,600\).

j. Received cash on account, \(\$ 1,200\).

k. Paid the following cash expenses:

(1) Rent on land, \(\$ 700\).

(2) Utilities, \(\$ 400\).

1. Declared and paid dividends of \(\$ 3,500\).

\section*{Required}

1. Open the following T-accounts: Cash; Accounts Receivable; Office Supplies; Office Furniture; Building; Accounts Payable; Note Payable; Common Stock; Dividends; Service Revenue; Salary Expense; Advertising Expense; Rent Expense; Utilities Expense.

2. Record each transaction directly in the T-accounts without using a journal. Use the letters to identify the transactions.

3. Prepare the trial balance of Filner Consulting Service, Inc., at June 30, 19X3.