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%) E2-19 (similar to) The following transactions occurred for Webb Technology Solutions: (Click the icon to view the transactions.) (Click the icon to view the

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%) E2-19 (similar to) The following transactions occurred for Webb Technology Solutions: (Click the icon to view the transactions.) (Click the icon to view the journal entr May 1 The business received cash of $105,000 and issued common stock to Zoe Webb. 2 Purchased office supplies on account, S560. 4 Paid $50.000 cash for building and land. The building had a fair market value of $43.000. 6 Performed services for customers and received cash, $2.800. 9 Paid $460 on accounts payable 17 Performed services for customers on account $3.300. 19 Paid rent expense for the month $1,500 20 Received $2.100 from customers for services to be performed next month 21 Paid $100 for advertising in next month's IT Technology magazine 23 Received $2.800 cash on account from a customer 31 incurred and paid salaries $1.600 Reference Date Debit Credit May 1 105,000 105,000 May 2 560 Accounts and Explanation Cash Common Stock Issued common stock in exchange for cash Office Supplies Accounts Payable Purchased office supplies on account. Building Land Cash Paid cash for building and land. Cash Service Revenue 560 May 4 43,000 7,000 50,000 May 6 2.800 2.800 Reference 2,800 2,800 460 460 May 6 Cash Service Revenue Performed services and received cash May 9 Accounts Payable Cash Paid cash on account May 17 Accounts Receivable Service Revenue Performed services on account May 19 Rent Expense Cash Paid cash expenses May 20 Cash sarna Panan 3,300 3.300 1500 1,500 2.100 2100 Reference - X 1,500 1,500 2.100 2.100 Performed services on account May 19 Rent Expense Cash Paid cash expenses May 20 Cash Uneared Revenue Collected cash for future services. May 21 Prepaid Advertising Cash Paid advertising in advance. May 23 Cash Accounts Receivable Received cash on sccount Salarios F anta 100 100 2.800 2800 redi 105, Print Done bis 10 erence 1,500 2,100 2,100 100 100 Cash Paid cash expenses. May 20 Cash Unearned Revenue Collected cash for future services. May 21 Prepaid Advertising Cash Paid advertising in advance. May 23 Cash Accounts Receivable Received cash on account May 31 Salaries Expense Cash Paid cash expenses. 2,800 2.800 1.600 1,600 Requirement The following four-column accounts have been opened for you and utilize the following account numbers: Cash, 110; Accounts Receivable 120: Office Supplies 130: Prepaid Advertising, 140: Land, 150: Building 160Accounts Payable, 210 Unearned Revenue, 220, Common Stock. 310: Service Revenue, 410: Rent Expense. 510 and Salaries Expense. 520. Post the journal entries to the four-column accounts and determine the balance in the account after each transaction. Assume that the journal entries were recorded on page 10 of the journal. Make sure to complete the Post Ref. columns in the journal and ledger

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