identify the accounts involved in each transaction

Detemine if the accounts are assets,liabilities, or equity accounts

Prepare General journal entries for each transaction

Post the transaction to the general ledger, and record the account balances

Business transactions completed by Donald Trump during the month of September are as follows; a. Trump invested $150,000 cash along with office equipment valued ay $22,000 in a new sole proprietorship named Trump Travels b. The company prepaid $6,000 cash for twelve months rent for office space c. The company made credit purchases for $3,000 in office equipment and $1,200 in office supplies. Payment is due within 10 days d. The company completed services for a client and immediately received $4,000 cash e. The completed a $7,500 project for a client, who must pay within 30 days f. The company paid $4,200 cash to settle the account payable created in transactionc g. The company paid $5,000 cash for the premium on a 12-month insurance policy h. The company received $3,500 cash as partial payment for the work completed on March 9 1. The company completed work for another client for $3,820 on credit J. Trump withdrew $5,100 cash from the company for personal use k. The company purchased $600 of additional office supplies on credit 1. The company paid $200 cash for this month's utility bill TASK 1. Identify the accounts the accounts involved in each transaction 2. Determine if the accounts used are assets, liabilities, or equity accounts 3. Prepare General Journal entries for each transaction 4. Post the transactions to the General Ledger, and record the account balances