ACCT 201 2878 Fall 2019 (1) Homework: SLO Project Score: 0 of 10 pts P2-33A (similar to) 1 of 6 (0 complete) Thomas Stevens opened an accounting firm on January 1, 2018. During the month of January, the business completed the following transactions: i (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record transactions in the journal. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Jan 1: The business sold $55,000 of common stock to open the firm, Stevens & Associates, Inc. A More Info Journal Entry Date Accounts Debit Credit Jan 0 Requirements Jan 1 The business sold $55,000 of common stock to open the firm, Stevens & Associates, Inc. 3 Purchased supplies, $1,000, and furniture, $2,100, on account. 5 Performed accounting service for a client and received cash, $1,500 8 Paid cash to acquire land for a future office site, $24,000. 11 Prepared tax returns for a client on account, $2,500. 14 Paid assistant's salary, $1,500. 16 Paid $1,110 on account. 19 Received $2,500 cash for accounting services performed. 23 Billed a client for $1,700 of accounting services. 28 Received $700 from client on account. 31 Paid assistant's salary, $1,500. 31 Paid rent expense, $1,500. 31 Paid $1,800 of dividends. 1. 2. Journalize transactions. Explanations are not required. Post the transactions to the T-accounts that have been set up for you, using transaction dates as posting references. Calculate the balance in each account at January 31, 2018. Prepare the trial balance for Stevens & Associates, Inc., at January 31, 2018. 3. 4. Print Done Print Done ACCT 201 2878 Fall 2019 (1) Homework: SLO Project Score: 0 of 10 pts P2-33A (similar to) 1 of 6 (0 complete) Thomas Stevens opened an accounting firm on January 1, 2018. During the month of January, the business completed the following transactions: i (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record transactions in the journal. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Jan 1: The business sold $55,000 of common stock to open the firm, Stevens & Associates, Inc. A More Info Journal Entry Date Accounts Debit Credit Jan 0 Requirements Jan 1 The business sold $55,000 of common stock to open the firm, Stevens & Associates, Inc. 3 Purchased supplies, $1,000, and furniture, $2,100, on account. 5 Performed accounting service for a client and received cash, $1,500 8 Paid cash to acquire land for a future office site, $24,000. 11 Prepared tax returns for a client on account, $2,500. 14 Paid assistant's salary, $1,500. 16 Paid $1,110 on account. 19 Received $2,500 cash for accounting services performed. 23 Billed a client for $1,700 of accounting services. 28 Received $700 from client on account. 31 Paid assistant's salary, $1,500. 31 Paid rent expense, $1,500. 31 Paid $1,800 of dividends. 1. 2. Journalize transactions. Explanations are not required. Post the transactions to the T-accounts that have been set up for you, using transaction dates as posting references. Calculate the balance in each account at January 31, 2018. Prepare the trial balance for Stevens & Associates, Inc., at January 31, 2018. 3. 4. Print Done Print Done