Exercise 13-18B Recording events in the general journal, posting to T-accounts, an preparing a trial balance The following events apply to Perry Carpet Cleaners in its first year of operations: 1. Received $45,000 cash from the issue of common stock. 2. Earned $37,500 of service revenue on account. 3. Incurred $15,000 of operating expenses on account. 4. Received $30,000 cash for performing services. 5. Paid $12,000 cash to purchase land. 6. Collected $33,000 of cash from accounts receivable. 7. Received a $9,000 cash advance for services to be provided in the future. 8. Purchased $1,350 of supplies on account. 9. Made an \$11,250 payment on accounts payable. 10. Paid a $7,500 cash dividend to the stockholders. 11. Recognized $750 of supplies expense. 12. Recognized $7,500 of revenue for services provided to the customer in Event 7 . Required a. Record the events in the general journal. b. Post the events to T-accounts and determine the ending account balances. c. Test the equality of the debit and credit balances of the T-accounts by preparing a trial balance. a. EXERCISE 13-18B (continued on next page) c. Perry Carpet Cleaners Trial Balance As of December 31, Year 1 \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Account Titles } & Debit & Credit \\ \hline Cash & & \\ \hline Accounts Receivable & & \\ \hline Supplies & & \\ \hline Land & & \\ \hline Accounts Payable & & \\ \hline Unearned Revenue & & \\ \hline Common Stock & & \\ \hline Dividends & & \\ \hline Service Revenue & & \\ \hline Operating Expenses & & \\ \hline Supplies Expense & & \\ \hline Totals & & \\ \hline \end{tabular}