BOOKKEEPING PRINCIPLES

James Johnson started a consulting business on December 1, 2018.He called the business Johnson Consulting, T-accounts have been set up for the following accounts:

Cash

Accounts Receivable

Supplies

Prepaid Rent

Computer Equipment

Furniture

Accounts Payable

Unearned Service Revenue

Salary Payable

James Johnson, Capital

James Johnson, Withdrawals

Service Revenue

Rent Expense

Utilities Expense

Salary Expense

Journalize and Post the following transactions for Johnson Consulting, for December 2018.Explanations are not required.

Dec 1 James Johnson Invested $30,000 in the business.

Dec 1Paid $1,200 for one year of office rent

Dec 3-Purchased Supplies for $700 cash.

Dec 3- Purchased a Computer on account, $1600.

Dec 4-Purchased Furniture for office on account, $2,700.

Dec 4-Performed Consulting Services for $900 cash.Payment was received immediately upon completion of services.

Dec 7-Performed Consulting Services on account, $1,400

Dec 9-Paid Telephone bill, $40

Dec 11-Paid for heat & electricity, $75

Dec 15- Consulting services were provided to client on account, $1100.

Dec 21Paid employees $1200

Dec 30-Johnson withdrew $2,000 for personal use.

Prepare Trial Balance