Lena Fohn is a licensed accountant. During the fi rst month of operations of her

business, Lena Fohn, AG, the following events and transactions occurred.

May 1 Shareholders invested 20,000 cash in exchange for ordinary shares.

2 Hired a secretary-receptionist at a salary of 2,000 per month.

3 Purchased 1,500 of supplies on account from Hartig Supply Company.

7 Paid offi ce rent of 900 cash for the month.

11 Completed a tax assignment and 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 Lucille Co.

31 Paid secretary-receptionist 2,000 salary for the month.

31 Paid 40% of balance due Hartig Supply Company.

Lena 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 Share CapitalOrdinary, No. 400 Service Revenue, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense.

Instructions

(a) Journalize the transactions.

(b) Post to the ledger accounts.

(c) Prepare a trial balance on May 31, 2017.