Beth Stewart started her practice as a design consultant on September 1, 2024. During the first month of operations, the business completed the following transactions (Click the icon to view the transactions) Read the requirements More info Sep. 1 Received $40,000 cash and issued common stock to Stewart Sep. 4 Purchased office supplies, $700, and furniture, $1,500, on account Sep. 6 Performed services for a law firm and received $1,800 cash Sep. 7 Paid $21,000 cash to acquire land to be used in operations Sep. 10 Performed services for a hotel and received its promise to pay the $1,100 within one week. Sep. 14 Paid for the fumiture purchased on September 4 on account More info Sep. 29 Paid $840 cash for a 12 -month insurance policy starting on October 1. Sep. 30 Paid assistant's semimonthly salary, \$1,400 Sep. 30 Paid monthly rent expense, $700 Sep. 30 Received a thil for utilities, $480. The bill will be paid next month. Sep. 30 Paid cash dividends of $2,900 Print Done Requirements 1. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Land; Furniture; Accounts Payable; Utilities Payable; Unearned Revenue; Common Stock, Dividends; Service Revenue, Salaries Expense; Rent Expense, and Utilities Expense. Explanations are not required. 2. T-accounts have been opened for each of the accounts. Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Ba. Requirements Land; Furniture; Accounts Payable; Utilities Payable; Unearned Revenue; Common Stock; Dividends; Service Revenue; Salaries Expense, Rent Expense, and Utilities Expense. Explanations are not required. 2. T-accounts have been opened for each of the accounts. Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each akcount Bal. 3. Prepare the trial balance of Beth Stewart, Designer, as of September 30, 2024