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Can you please answer all the requirement questions P2-30A Journalizing transactions, posting journal entrics to T-ac counts, and preparing a trial balance Inn Simpson started
Can you please answer all the requirement questions
P2-30A Journalizing transactions, posting journal entrics to T-ac counts, and preparing a trial balance Inn Simpson started her practice as a design consultant on September 1,2018 During the first month of operations, the business completed the following transactionS: Sep. 1 4 6 7 10 Received $48,000 cash and issued common stock to Simpson Purchased office supplies, $1,200, and furniture, $1,300, on account. Performed services for a law firm and received $1,900 cash Paid $18,000 cash to acquire land to be used in operations. Performed services for a hotel and received its promise to pay the 14 15 17 20 25 28 29 30 30 30 30 $1,200 within one week. Paid for the furniture purchased on September 4 on account. Paid assistant's semimonthly salary, $1,500. Received cash on account, $1,000. Prepared a design for a school on account, $650. Received $2,100 cash for design services to be performed in October. Received $2,900 cash for consulting with Plummer & Gordon. Paid $600 cash for a 12-month insurance policy starting on October 1 Paid assistant's semimonthly salary, $1,500. Paid monthly rent expense, $600. Received a bill for utilities, $350. The bill will be paid next month. Paid cash dividends of $3,700. 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 Open a T-account for each of the accounts 3. 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 4. Prepare the trial balance of Ann Simpson, Designer, as of September 30, 2018
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