Learning Objectives 3, 4 Debit 5.300 12.30A Journalizing transactions, posting journal entries to T-accounts, and preparing a trial balance Ana Simpson started her practice as a design consultant on September 1, 2018. During the first month of operations, the business completed the following transactions Sep. 1 4 Received 548,000 cash and issued common stock to Simpson Purchased office supplies, $1,200, and furniture, $1,300, on account 6 Performed services for a law firm and received $1,900 cash. 2 Pald 518,000 cash to acquire land to be used in operations. 10 Performed services for a hotel and received its promise to pay the $1,200 within one week. 14 Paid for the furniture purchased on September 4 on account. 15 Paid assistant's semimonthly salary, $1,500. 17 Received cash on account, $1,000 20 Prepared a design for a school on account, 5650 25 Received $2,100 cash for design services to be performed in October. 28 Received $2,900 cash for consulting with Plummer & Gordon 29 Paid 5600 cash for a 12-month insurance policy starting on October 1. 30 Paid assistant's semimonthly salary. $1,500 30 Paid monthly rent expense, $600. 30 Received a bill for utilities, $350. The bill will be paid next month. 30 Paid cash dividends of $3,700. Requirements 1. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable, Office Supplies, Prepaid Insurance Land, Furniture, Accounts Payable; Utilities Payable; Unearned Revenue; Common Stock, Dividends: Service Revenue; Salaries Expense, Rent Expense, and Utilities Expense. Explanations are not required. 2. Open a T-account for each of the accounts. 3. Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal 4. Prepare the trial balance of Ann Simpson, Designer, as of September 30, 2018