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 sole proprietorship named HV Consulting.

Problem $2-$BA

b$.$ The company purchased land valued at $$40,000$ and a building valued at $$160,000.$ The purchase is Recording transactions; paid with $$30,000$ cash and a long$-$term note payable for $$170,000.$ posting to ledger; preparing a trial balance

c$.$ The company purchased $$2,000$ of office supplies on credit.

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Chapter $2$ Analyzing and Recording Transactions

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d$.$ Venedict invested her personal automobile in the company. The automobile has a value of $$16,500$ and is to be used exclusively in the business.

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 for a client, who must pay within $30$ days.

I. 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 $k.$

n$.$ Venedict withdrew $$2,800$ cash from the company for personal use.

Required

Cheeli $(2)$ Ending

Prepare general journal entries to record these transactions $($use account titles listed in part $2).$ balances: Cash, $$12,665$; Office Equipment, $$50,900$

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 $(250)$; H$.$ Venedict, Capital $(301)$; H$.$ Venedict, Withdrawals $(302)$; Fees Earned $(402)$; Salaries Expense $(601)$;

$(3)$ Trial balance totals, balance after each posting. $$291,350$ and Utilities Expense $(602).$ Post the journal entries from part $1$ to the ledger accounts and enter the balance after each posting.

Prepare a trial balance as of the end of September