Emily Schneider, Accountant, Professional Corporation (P.C.), completed these transactions during the first half of December:

Dec. 2 Received \(\$ 12,000\) cash from Emily Schneider. Issued common stock to Schneider.

2 Paid monthly office rent, \(\$ 500\).

3 Paid cash for a Macintosh computer, \(\$ 3,000\). The computer is expected to remain in service for five years.

4 Purchased office furniture on account, \(\$ 3,600\). The furniture should last for five years.

5 Purchased supplies on account, \(\$ 300\).

9 Performed tax service for a client and received cash for the full amount of \(\$ 800\).

12 Paid utility expenses, \(\$ 200\).

18 Performed consulting service for a client on account, \(\$ 1,700\).

\section*{Required}

1. Open T-accounts in the ledger: Cash; Accounts Receivable; Supplies; Equipment; Furniture; Accounts Payable; Common Stock; Dividends; Service Revenue; Rent Expense; Utilities Expense; and Salary Expense.

2. Journalize the transactions. Explanations are not required.

3. Post to the T-accounts. Key all items by date, and denote an account balance as Bal. Formal posting references are not required.

4. Prepare a trial balance at December 18. In the Serial Exercise of Chapter 3, we will add transactions for the remainder of December and will require a trial balance at December 31 .