3 nect Problem 2-4A Recording transactions; posting to ledger; preparing a trial balance P1 A1 Business transactions completed by Hannah Venedict during the month of September are as follows. a. Venedict invested $60,000 cash along with office equipment valued at $25,000 in a new business named HV Consulting in exchange for common stock. b. The company purchased land valued at $40,000 and a building valued at $160,000. The purchase is paid with $30,000 cash and a note payable for $170,000. c. The company purchased $2,000 of office supplies on credit. d. Venedict invested an automobile in the company in exchange for more common stock. The automobile has a value of $16,500. e. The company purchased $5,600 of additional office equipment on credit. f. The company paid $1,800 cash salary to an assistant. g. The company provided services to a client and collected $8,000 cash. h. The company paid $635 cash for this month's utilities. i. The company paid $2,000 cash to settle the account payable created in transaction c. j. The company purchased $20,300 of new office equipment by paying $20,300 cash. k. The company completed $6,250 of services on credit for a client, who must pay within 30 days. 1. The company paid $1,800 cash salary to an assistant. m. The company received $4,000 cash in partial payment on the receivable created in transaction k. B. The company paid a $2,800 cash dividend. Required 1. Prepare general journal entries to record these transactions (use account titles listed in part 2). 2. Open the following ledger accounts-their account numbers are in parentheses (use the balance column format): Cash (101); Accounts Receivable (106); Office Supplies (108); Office Equipment (163); Automobiles (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); Common Stock (307); Dividends (319); Consulting Revenue (403); Salaries Expense (601); and Utilities Expense (602). Post the journal entries from part 1 to the ledger accounts and enter the balance after each posting. Check (2) Ending balances: Cash, $12.665, Office Equipment, $50,900

Problem 2-4A Recording transactions; posting to ledger; preparing a trial balance [GP1 10 A1 Batines tranactions completed by Hannh Venedict durint the month of September are as follown. a. Venedict invented $60,000 cant alons whti offee equipment valued at $25,000 is a sew butiness named HV Consulting in exchange for common itock. b. The compary parthased land valued at $40,000 and a building valued at $160,000. The parebase is paid with $30,000 cash and a note peysuble for $170,000. c. The company parchased $2,000 of office supplies on eredit. L Venedict imvested an automotile in the company in exchange for more common stock. The sutomobile has a value of $16,500. 6. The compaty purchased 55,600 of additional office equipment on eredt. f. The compaty paid $1,800 cash salary to an asistant. 5. The company peovided services to a client and collected $,000 eash. h. The compuny paid $635 cash for this month's utilities. 1. The compuny paid $2,000 cash to settle the account pasable created in transaction C. 1. The compury parchased $20,300 of new offee equipment by pesias $20,300 eash. L. The compury completed 56,250 of services on eredit for a client, who must pwy within 30 days. L. The compeny peid $1,800 cath wilary to an assistest. m. The compary received $4,000 cast is partial pesment on the receivable created in transaction k. a. The company peid a $2,800 cesh dividend. Required 1. Prepare senernal journal catries to rocord these transactions (use account titles listed in part 2). 2. Opes the following ledeer sccousts-their account nambers are in parentheses (use the balasce column format): Cash (101); Accounts Receivable (106), Otfice Supplies (108); Office Equipment (163), Automobiles (164), Bualdine (170), Lasd (172); Accounts Payable (201), Notes Pesuble (250), Commos Stock (307); Dividends (319); Consulting Reveaue (403); Salaries Expense (601); and Utilities Expenes (602). Pont the journal entries from part I to the leder accounts and enter the balance after cach posting