The trial balance of the accounting practice of Wendi Threlkeld, CPA, Professional Corporation (P.C.), is dated February 14, 19X3:

Feb. 15 Collected \(\$ 2,000\) cash from a client on account.
16 Performed tax services for a client on account, \(\$ 900\).
18 Paid utilities, \(\$ 300\).
20 Paid on account, \(\$ 1,000\).
21 Purchased supplies on account, \(\$ 100\).
21 Declared and paid dividends of \(\$ 1,200\).
21 Paid for a swimming pool for private residence, using personal funds, \(\$ 13,000\).
22 Received cash of \(\$ 2,100\) for audit work just completed.
28 Paid rent, \(\$ 800\).
28 Paid employees' salaries, \(\$ 1,600\).
\section*{Required}
1. Record the transactions that occurred during February 15 through 28 in Page 3 of the journal. Include an explanation for each entry.
2. Open the ledger accounts listed in the trial balance, together with their balances at February 14. Use the four-column account format illustrated in the chapter. Enter Bal. (for previous balance) in the Item column, and place a check mark ( \(\checkmark\) ) in the journal reference column for the February 14 balance in each account. Post the transactions to the ledger, using dates, account numbers, journal references, and posting references.
3. Prepare the trial balance of Wendi Threlkeld, CPA, P.C., at February 28, 19X3.

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Account WENDI THRELKELD, CPA, P.C. TRIAL BALANCE FEBRUARY 14, 19X3 Number Account Debit Credit 11 Cash.... $ 2,000 12 Accounts receivable 8,000 13 Supplies. 800 14 Land.. 18,600 21 Accounts payable $ 3,000 31 Common stock.. 10,000 32 Retained earnings. 15,000 33 Dividends. 1,200 41 Service revenue 7,200 51 Salary expense. 3,600 52 Rent expense.. 800 53 Utilities expense. 200 Total. $35,200 $35,200 During the rest of February, the business completed the following transactions: