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Julia Dumars is a ticensed CPA. During the first month of operations of her business, Julia Dumars, Inc, the following events and transactions occurred. May

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Julia Dumars is a ticensed CPA. During the first month of operations of her business, Julia Dumars, Inc, the following events and transactions occurred. May 1 Stockholders invested $20,000 cash in exchange for common stock. 2 Hired a secretary-receptionist at a salary of $2,000 per month. 3 Purchased $1,500 of supplies on account from Vincent Supply Company. 7 Paid office rent of $900 cash for the month. 11 Completed a tax assignmen hand billed client $2,800 for services performed. 12 Received $3,500 advance on a management consulting engagement. 17 Received cash of $1.200 for services performed for Orville Ca. 31 Paid secretary-receptionist $2,000 salary for the month. 31 Paid 40% of balance due Vincent Supply Company. Julla uses the following chart of accounts: No, 101 Cash, No. 112 Accounts Recelvable, 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. Post to the iedger accounts. (Post entries in the order of journal entries presented in the previous part) 31 Supplies No. 126 Date Explanation Ref. Credit Balance 31 \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Accounts Payable } & No. 201 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline & & 31 & & & \\ \hline & & 31 & & & \\ \hline \multicolumn{5}{|c|}{ Unearned Service Revenue } & No, 209 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline & & 31 & & & \\ \hline \multicolumn{5}{|c|}{ Common Stock } & No, 311 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline 4 & & 31 & & & \\ \hline \multicolumn{5}{|c|}{ Service Revenue } & No. 400 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Service Revenue } & No. 400 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline & & 31 & & & \\ \hline & & 31 & & & \\ \hline \multicolumn{5}{|c|}{ Salaries and Wages Expense } & No. 726 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline & & 31 & & & \\ \hline \multicolumn{5}{|c|}{ Rent Expense } & No. 729 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline & & J1 & & & \\ \hline \end{tabular}

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