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Casey Consulting opened for business on January 1, 2018 and engaged in the following business transactions in January: Jan. 20 Issued 5000 shares of
Casey Consulting opened for business on January 1, 2018 and engaged in the following business transactions in January: Jan. 20 Issued 5000 shares of capital stock for 50000. Jan.20 Paid 400 office rent for the remainder of January. Jan.21 Purchased office supplies for 200. The supplies will last for several months, and payment is not due until February 15. Jan.22 Purchased office equipment for 15000 cash. Jan. 26 Performed consulting services and billed clients for $2000. The entire amount will not be collected until February. Jan. 31 Recorded 100 utilities expense. Payment is not due until February 20. 3. Record each of the above transactions in general journal form. 4. Post each entry to the appropriate ledger accounts. 5. Prepare a trial balance dated January 31, 2018. 6. The unadjusted trial balance for Stellar Corporation as January 31 includes various accounts however, four are listed below.
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