ledgers and trial balance
The consulting firm of Martin and Associates uses the accounts listed below. Record the opening balances as of December 1, 2019 on the normal balance side of the following T-Accounts. List of accounts with their opening balances: -- Cash Accounts Receivable Office Equipment -- $ 6,500 Fees Income 9,500 Rent Expense Utilities 9,000 Expense 8,200 Salaries Expense 16,800 Accounts Payable Joan Martin, Capital Joan Martin, Drawing -- The firm has the following transactions during the month of December 2019. Record the effects of these transactions in the Taccounts. a. Paid $2.500 for one month's rent. b. Collected $6,300 in cash from credit customers. c. Performed services for $8,500 in cash, d. Paid $5,500 for salaries. e. Issued a check for $4,500 to a creditor. f. Performed services for $11,500 on credit. g. Purchased office equipment for $2.500 on credit. h. The owner withdrew $4,500 in cash for personal expenses. 1. Issued a check for $750 to pay the monthly utility bill. 1. Post the above transactions into the appropriate T accounts. 2. Using the information shown, prepare a trial balance for Martin and Associates at December 31, 2019. Ledgers Trial Balance Post the above transactions into the appropriate T accounts. (Record the transactions in the given order.) Accounts Receivable Cash Beg bal Beg, bal Office Equipment Accounts Payable Bog bal. Bog, bal Joan Martin, Capital Joan Martin, Drawing Beg bal Beg bal Bal. Fees Income Rent Expense Beg. bal Beg. bal Utilities Expense Salaries Expense Beg bal Beg, bal Bal Trial Balance > Complete this question by entering your answers in the tabs below. Ledgers Trial Balance Prepare a trial balance for Martin and Associates at December 31, 2019. (The items in the Trial Balance should be grouped as follows: Assets and Liabilities (in order of their liquidity). Equity, Revenues, and Expenses.) MARTIN AND ASSOCIATES Trial Balance December 31, 2019 Account Name Debit Credit $ 0