Journalizing and Posting Transactions

Annette Creighton opened Creighton Consulting. She rented a small office and paid a part-time worker to answer the phone and make deliveries. Her chart of accounts is as follows:

Chart of Accounts
Assets			Revenues
101	Cash		401	Consulting Fees
142	Office Supplies
181	Office Equipment		Expenses
			511	Wages Expense
Liabilities			512	Advertising Expense
202	Accounts Payable		521	Rent Expense
			525	Phone Expense
Owners Equity			526	Transportation Expense
311	Annette Creighton, Capital		533	Utilities Expense
312	Annette Creighton, Drawing		549	Miscellaneous Expense

Creightons transactions for the first month of business are as follows:

Jan. 1	Creighton invested cash in the business, $10,000.
2	Paid rent, $500.
3	Purchased office supplies on account, $300.
4	Purchased office equipment on account, $1,500.
6	Received cash for services rendered, $580.
7	Paid phone bill, $42.
8	Paid utilities bill, $38.
10	Received cash for services rendered, $360.
12	Made payment on account, $50.
13	Paid for car rental while visiting an out-of-town client (transportation expense), $150.
15	Paid part-time worker, $360.
17	Received cash for services rendered, $420.
18	Creighton withdrew cash for personal use, $100.
20	Paid for a newspaper ad, $26.
22	Reimbursed part-time employee for cab fare incurred delivering materials to clients (transportation expense), $35.
24	Paid for books on consulting practices (miscellaneous expense), $28.
25	Received cash for services rendered, $320.
27	Made payment on account for office equipment purchased, $150.
29	Paid part-time worker, $360.
30	Received cash for services rendered, $180.

Required:

1. Journalize the transactions for January in a two-column general journal. Use the following journal page numbers: January 110, page 1; January 1224, page 2; January 2530, page 3. Enter the posting reference when you complete part 2.

2. Post the transactions to the general ledger. After posting to the general ledger, go to part 1 and complete the posting reference.

3. Prepare a trial balance.