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Help me plsss I cant understand it Problem 2-7A Preparing and posting journal entries; preparing a trial balance LO3, 4, 5,6 CHECK FIGURE: 4. Total

Help me plsss I cant understand it

image text in transcribed Problem 2-7A Preparing and posting journal entries; preparing a trial balance LO3, 4, 5,6 CHECK FIGURE: 4. Total Dr. =$176,230 Elizabeth Wong has strong problem-solving skills and Loves to work with people. After becoming a Certified Human Resources Professional (CHRP) and working for several companies, she opened her own business, HR Solutions. She completed the following transactions during May 2023: Required 1. Prepare journal entries to record the transactions. Use page 1 for the journal. 2. Set up the following accounts (use the balance column format or T-accounts): Cash (101); Accounts Receivable (106); Office Supplies (124); Prepaid Insurance (128); Prepaid Rent (131); Office Equipment (163); Accounts Payable (201); Elizabeth Wong, Capital (301); Elizabeth Wong, Withdrawals (302); Services Revenue (403); Wages Expense (623); and Utilities Expense (690). 3. Post the entries to the accounts and enter the balance after each posting. 4. Prepare a trial balance at May 31, 2023. Problem 2-7A Preparing and posting journal entries; preparing a trial balance LO3, 4, 5,6 CHECK FIGURE: 4. Total Dr. =$176,230 Elizabeth Wong has strong problem-solving skills and Loves to work with people. After becoming a Certified Human Resources Professional (CHRP) and working for several companies, she opened her own business, HR Solutions. She completed the following transactions during May 2023: Required 1. Prepare journal entries to record the transactions. Use page 1 for the journal. 2. Set up the following accounts (use the balance column format or T-accounts): Cash (101); Accounts Receivable (106); Office Supplies (124); Prepaid Insurance (128); Prepaid Rent (131); Office Equipment (163); Accounts Payable (201); Elizabeth Wong, Capital (301); Elizabeth Wong, Withdrawals (302); Services Revenue (403); Wages Expense (623); and Utilities Expense (690). 3. Post the entries to the accounts and enter the balance after each posting. 4. Prepare a trial balance at May 31, 2023

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