Business transactions completed by Hannah Venedict during the month of September are as follows.

1. Venedict invested $88,000 cash along with office equipment valued at $21,000 in a new business named HV Consulting in exchange for common stock.
2. The company purchased land valued at $40,000 and a building valued at $150,000. The purchase is paid with $25,000 cash and a note payable for $165,000.
3. The company purchased $2,500 of office supplies on credit.
4. Venedict invested an automobile in the company in exchange for more common stock. The automobile has a value of $16,300.
5. The company purchased $5,200 of additional office equipment on credit.
6. The company paid $1,600 cash salary to an assistant.
7. The company provided services to a client and collected $7,400 cash.
8. The company paid $645 cash for this month's utilities.
9. The company paid $2,500 cash to settle the account payable created in transaction c.
10. The company purchased $20,300 of new office equipment by paying $20,300 cash.
11. The company completed $6,750 of services on credit for a client, who must pay within 30 days.

1. The company paid $1,900 cash salary to an assistant.

1. The company received $3,500 cash in partial payment on the receivable created in transaction k.
2. The company paid a $2,800 cash dividend.

Required:

1. Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Office Supplies (108); Office Equipment (163); Automobiles (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250);

Common Stock (307); Dividends (319); Consulting Revenue (403); Salaries Expense (601); and Utilities Expense (602).

1. Post the journal entries from part 1 to the ledger accounts.
2. Prepare a trial balance as of the end of September.