Draper consulting completed the following transactions during the first half of a december, 2012:

Dec 2 Received $18,000 cash and gave capital to Draper. Dec 2 Paid monthly office rent, $550. Dec 3 Paid cash for a Dell computer, $1,800. This equipment is expected to remain in service for five years. Dec 4 Purchased office furniture on account, $4,200. The furniture should last for five years. Dec 5 Purchased supplies on account, $900. Dec 9 Performed consulting service for a client on account, $1,500. Dec 12 Paid utility expenses, $250. Dec 18 Performed service for a client and received cash of $1,100

Requirements

1. Open T-accounts: Cash; Accounts receivable; Supplies; Equipment; Furniture;

Accounts payable; Draper, capital; Draper, drawing; Service revenue; Rent

expense; and Utilities expense.

2. Journalize the transactions. Explanations are not required.

3. Post to the T-accounts. Key all items by date, and denote an account balance as

Bal. Formal posting references are not required.

4. Prepare a trial balance at December 18. In the Continuing Problem of Chapter 3,

we will add transactions for the remainder of December and prepare a trial balance

at December 31.