Doris Stanford started her practice as a design consultant on September 1,2017. During the first month of operations, the business completed the following transactions: (Click the icon to view the transactions.) More info Sep. 1 Received $46,000 cash and gave capital to Stanford. 4 Purchased office supplies, $400, and furniture, $1,700, on account. 6 Performed services for a law firm and received $1,500 cash. 7 Paid $25,000 cash to acquire land to be used in operations. 10 Performed services for a hotel and received its promise to pay the $1,700 within one week. 14 Paid for the furniture purchased September 4 on account. 15 Paid assistant's semimonthly salary, $1,460. 17 Received cash on account, $1,300. 15 Paid assistant's semimonthly salary, $1,460. 17 Received cash on account, $1,300. 20 Prepared a design for a school on account, $450. 25 Received $2,000 cash for design services to be performed in October. 28 Received $2,900 cash for consulting with Plummer \& Gorden. 29 Paid $1,080 cash for a 12-month insurance policy starting on October 1. 30 Paid assistant's semimonthly salary, $1,460. 30 Paid monthly rent expense, $450. 30 Received a bill for utilities, $350. The bill will be paid next month. 30 Stanford withdrew cash of $3.000. Requirement 2. T-accounts have been opened for each of the accounts. Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal. Sep. 1: Received $46,000 cash and gave capital to Stanford. Review the September 1 journal entry that you prepared in Requirement 1. \begin{tabular}{c||c||r||r} \multicolumn{1}{c||}{ Date } & Accounts & \multicolumn{1}{c||}{ Debit } & \multicolumn{1}{c}{ Credit } \\ \hline \hline Sep. 1 & Cash & 46,000 & \\ & Stanford, Capital & & \\ & & & 46,000 \\ \hline \end{tabular} Doris Stanford started her practice as a design consultant on September 1,2017. During the first month of operations, the business completed the following transactions: (Click the icon to view the transactions.) More info Sep. 1 Received $46,000 cash and gave capital to Stanford. 4 Purchased office supplies, $400, and furniture, $1,700, on account. 6 Performed services for a law firm and received $1,500 cash. 7 Paid $25,000 cash to acquire land to be used in operations. 10 Performed services for a hotel and received its promise to pay the $1,700 within one week. 14 Paid for the furniture purchased September 4 on account. 15 Paid assistant's semimonthly salary, $1,460. 17 Received cash on account, $1,300. 15 Paid assistant's semimonthly salary, $1,460. 17 Received cash on account, $1,300. 20 Prepared a design for a school on account, $450. 25 Received $2,000 cash for design services to be performed in October. 28 Received $2,900 cash for consulting with Plummer \& Gorden. 29 Paid $1,080 cash for a 12-month insurance policy starting on October 1. 30 Paid assistant's semimonthly salary, $1,460. 30 Paid monthly rent expense, $450. 30 Received a bill for utilities, $350. The bill will be paid next month. 30 Stanford withdrew cash of $3.000. Requirement 2. T-accounts have been opened for each of the accounts. Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal. Sep. 1: Received $46,000 cash and gave capital to Stanford. Review the September 1 journal entry that you prepared in Requirement 1. \begin{tabular}{c||c||r||r} \multicolumn{1}{c||}{ Date } & Accounts & \multicolumn{1}{c||}{ Debit } & \multicolumn{1}{c}{ Credit } \\ \hline \hline Sep. 1 & Cash & 46,000 & \\ & Stanford, Capital & & \\ & & & 46,000 \\ \hline \end{tabular}