1. Create journal entries for the following transactions;
2. Draw up a T-account for each account affected by transactions;
3. Calculate normal balances for all T-accounts.
4. Prepare an unadjusted trial balance.

Transactions:

April, 1: Student Co. received fees earned from customers, $ 20,000;

April, 2: Purchased office equipment on credit, $45,000;

April, 3: The owner invests $170,000 cash into business;

April, 4: Purchased office supplies on account, $2,500;

April, 7: Paid creditors on account, $20,000;

April, 8: Paid salaries, $23,900.

April, 9: Purchased land for a future building site, $80,000;

April, 13: Paid office rent for one month, $5,500;

April, 16: Received cash $4,100 from a customer for interest earned;

April, 18: Received electricity bill, $1,700;

April, 19: The owner withdraws $3,000 from the business;

April, 20: Purchased inventory, $5,000;

April, 21: Paid creditors on account, $5,500;

April, 24: Paid tax expense, $500;

April, 25: Services provided on account, $23,000;

April 30, Received $10,000 on account from customers.