Julia Dumars is a licensed CPA. During the first month of operations of her business, Metlock, Inc., the following events and transactions occurred. Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) May 1 Stockholders invested $21,000 cash in exchange for common stock. Cash Date Explanation Ref. Debit May 1 J1 Credit No. 101 Balance 2 Hired a secretary-receptionist at a salary of $3,000 per month. May 3 3 Purchased $2,200 of supplies on account from Vincent Supply Company. 7 Paid office rent of $890 cash for the month. May 11 11 Completed a tax assignment and billed client $2,900 for services performed. May 12 12 Received $3,400 advance on a management consulting engagement. 17 Received cash of $1,000 for services performed for Orville Co. 31 Paid secretary-receptionist $3,000 salary for the month. 31 Paid 40% of balance due Vincent Supply Company. J1 May 7 J1 May 17 J1 = = = Accounts Receivable No. 112 Date Explanation Ref Debit Credit Balance May 31 J1 Supplies No. 126 Accounts Payable Julia 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 Explanation Ref. Debit Credit Balance J1 No. 201 ounts Payable No. 201 Date Explanation Ref. Debit Credit Balance J1 Unearned Service Revenue Date J1 No. 209 Explanation Ref. Debit Credit Balance J1 Common Stock No. 311 Date Explanation Ref. Debit Credit Balance J1 Service Revenue No. 400 Date Explanation Ref. Debit Credit Balance J1 J1 Salaries and Wages Expense No. 726 Date Explanation Ref. Debit Credit Balance Rent Expense J1 No. 729