The trial balance of California Tennis Center, Inc., at the end of the first 11 months of its fiscal Problem 2-4A year follows:

a. Open three-column general ledger accounts for each of the accounts in the trial balance.
Place the word Balance in the explanation space and enter the date December 1, 2012, on this same line. Also open an account for Dividends, No. 320.

b. Prepare entries in the general journal for the transactions during December 2012.

c. Post the journal entries to ledger accounts.

d. Prepare a trial balance as of December 31, 2012.

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CALIFORNIA TENNIS CENTER, INC. Trial Balance November 30, 2012 Acct. No. Account Title Debits Credits 100 Cash $71,180 103 Accounts Receivable 81,750 130 Land 60,000 200 Accounts Payable $18,750 201 Notes Payable 15,000 300 Capital Stock 50,000 310 Retained Earnings, January 1, 2012 53,700 413 Membership and Lesson Revenue 202,500 505 Advertising Expense 21,000. 507 Salaries Expense 66,000 511 Utilities Expense 2,100 515 Rent Expense 33,000 518 Supplies Expense 2,250 530 Repairs Expense 1,500 531 Entertainment Expense 870 540 Interest Expense 300 $339,950 $339,950 Paid building rent for December, $4,000. Dec. 1 2 Paid vendors on account, $18,000. 5 Purchased land for cash, $10,000. 7 Sold memberships on account for December, $27,000. 10 Paid the note payable of $15,000, plus interest of $150. 13 Cash collections from customers on account, $36,000. 19 Received a bill for repairs, $225. 24 Paid the December utilities bill, $180. 28 Received a bill for December advertising, $1,650. 29 Paid the equipment repair bill received on the 19th, $225. 30 Gave tennis lessons for cash, $4,500. 30 Paid salaries, $6,000. 30 Sales of memberships on account since December 7, $18,000 (for the month of December),