$10$

Your company began operations on the first day of the current month. Journal entries for the first month follow:

$\backslash$table$[[$Account$,$Debit,Credit$],[$Cash$,75,000,],[$Common stock,,$75,000],[$Land$,47,500,],[$Equipment$,27,500,],[$Accounts payable,,$12,500],[$Cash$,,62,500],[$Accounts receivable,$105,000,],[$Service revenue,,$105,000],[$Cash$,60,000,],[\backslash$table$[[$Accounts$],[$receivable$]],,60,000],[$Supplies$,7,500,],[$Cash$,,7,500],[$Cash$,10,000,],[$Unearned fees,,$10,000],[$Dividends$,7,500,],[$Cash$,,7,500],[$Salaries expense,$60,000,],[$Cash$,,60,000],[$Rent expense,$15,000,],[$Cash$,,15,000],[$Utilities expense,$5,000,],[$Cash$,,5,000],[$Cash$,17,500,],[$Rent revenue,,$17,500]]$

Required:

Post the transactions to the T$-$accounts.

Prepare the trial balance.

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