Julia Dumars is a licensed CPA. During the first month of operations of her business, Pina Colada Corp., the following events and transactions occurred.

May 1		Stockholders invested $21,400 cash in exchange for common stock.
2		Hired a secretary-receptionist at a salary of $2,600 per month.
3		Purchased $1,800 of supplies on account from Vincent Supply Company.
7		Paid office rent of $760 cash for the month.
11		Completed a tax assignment and billed client $3,400 for services performed.
12		Received $3,100 advance on a management consulting engagement.
17		Received cash of $1,800 for services performed for Orville Co.
31		Paid secretary-receptionist $2,600 salary for the month.
31		Paid 40% of balance due Vincent Supply Company.

Julia Dumars uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 209 Unearned Service Revenue, No. 311 Common Stock, No. 400 Service Revenue, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense.

Date Account Titles and Explanation Debit Credit 7 (Paid salaries) (Paid creditor on account) Cash No. 101 Date Explanation Ref. Debit Credit Balance J1 V 31 J1 J1 V J1 J1 No. 112 Accounts Receivable Date Explanation Ref Debit Credit Balance J1 Supplies No. 126 Date Explanation Ref. Debit Credit Balance J1 No. 201 Accounts Payable Date Explanation Ref. Debit Credit Balance J1 31 No. 209 Unearned Service Revenue Date Explanation Ref. Debit Credit Balance 31 No. 311 Common Stock Date Explanation Ref. Debit Credit Balance J1 No. 400 Service Revenue Date Explanation Ref. Debit Credit Balance J1 31 No. 726 Salaries and Wages Expense Date Explanation Ref. Debit Credit Balance J1 No. 729 Rent Expense Date Explanation Ref. Debit Credit Balance J1 Pina Colada Corp. Trial balance Debit Credit $ $ Totals S