Humble Management Services opened for business and completed these transactions in September. Sep. 1 Henry Humble, the owner, invested $38,000 cash along with office equipment valued at PROBLEM SET B $15,000 in the company in exchange for common stock. 2 Problem 2-1B Preparing and posting The company prepaid $9,000 cash for 12 months' rent for office space. (Hint: Debit Prepaid Rent for $9,000.) 4 journal entries; preparing atrial balance C3 C4 A1 P1 P2 The company made credit purchases for $8,000 in office equipment and $2,400 in office sup- plies. Payment is due within 10 days. 8 The company completed work for a client and immediately received $3,280 cash. 12 The company completed a $15,400 project for a client, who must pay within 30 days. 13 The company paid $10,400 cash to settle the payable created on September 4. 19 The company paid $1.900 cash for the premium on an 18-month insurance policy. (Hint:Debit Prepaid Insurance for $1,900.) 22 The company received $7,700 cash as partial payment for the work completed on September 12. 24 The company completed work for another client for $2,100 on credit. 28 The company paid S5,300 cash in dividends. 29 The company purchased $550 of additional office supplies on credit 30 The company paid $860 cash for this month's utility bill. 90 Chopter 2 Accounting for Business Transections Required 1 Prepare general journal entries to record these transactions (use account titles listed in part 2) Check (2) Ending belences: Cosh, $21,520 Accounts Recevebie, Accounts Payabie, $550 n the following ledger accounts-their account numbers are in parentheses (use the balance col- n format): Cash (101); Accounts Receivable (106); Office Supplies (124); Prepaid Insurance (128) S0,800 Prepaid Rent (131); office Equipment (163); Accounts Payable (201); Common Stock (307); Dividends (319); Services Revenue (401); and Utilities Expense (690). Post journal entries from um part 1 to the ledger accounts and enter the balance after each posting (3) Toal debits 3. Prepare a trial balance as of the end of September. $74,330