accounting homework

Sunland is a licensed CPA. During the first month of operations of her business, Sunland Company, the following events and transactions occurred. May 1 2 3 7 11 12 Stockholders invested $21.100 cash in exchange for common stock. Hired a secretary-receptionist at a salary of $1.600 per month. Purchased $2,300 of supplies on account from Vincent Supply Company. Paid office rent of $810 cash for the month. Completed a tax assignment and billed client $3,500 for services performed. Received $2,900 advance on a management consulting engagement. Received cash of $1,800 for services performed for Orville Co. Paid secretary-receptionist $1,600 salary for the month. Paid 40% of balance due Vincent Supply Company. 17 31 31 Julia uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 209 Unearned Service Revenue, No. 311 Common Stock, No. 400 Service Revenue, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense. Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part) Cash Date Explanation Ref. No. 101 Balance Debit Credit May 1 > 01 21.100 21.100 May 3 May 11 V J1 May 12 V 31 May 17 31 Accounts Receivable Date Explanation Ref No. 112 Balance Debit Credit 31 No. 126 Balance Debit Credit Supplies Date Explanation Ref. 31 Accounts Payable Date Explanation Ref. 31 No. 201 Balance Debit Credit 01 Unearned Service Revenue Date Explanation Ref. No. 209 Balance Debit Credit 31 Common Stock Date No. 311 Balance Debit Credit Explanation Ref. J1 Service Revenue Date Explanation Ref. No. 400 Balance Debit Credit J1 J1 Salaries and Wages Expense Date Explanation Ref. 31 No. 726 Balance Debit Credit Rent Expense Date No. 729 Balance Explanation Ref. Debit Credit May 7 31