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More Info Requirement 1. Journalize the transactions and then post the journal entries to the four-column accounts. Keep a running first, then credits. Exclude explanations
More Info Requirement 1. Journalize the transactions and then post the journal entries to the four-column accounts. Keep a running first, then credits. Exclude explanations from journal entries.) June 1: Park opened an accounting firm by contributing $14,800 cash and office furniture with a fair market value of $5,30 Jun. Date Accounts Post. Ref. Debit Credit Jun. 1 1 Park opened an accounting firm by contributing $14,800 cash and office furniture with a fair market value of $5,300 in exchange for common stock. 5 Paid monthly rent of $1,400. 9 Purchased office supplies on account, $800. 14 Paid employee's salary, $1,800. 18 Received a bill for utilities to be paid next month, $360. 21 Paid $400 of the accounts payable created on June 9. 25 Performed accounting services on account, $6,000. 28 Paid cash dividends of $7,100. June 5: Paid monthly rent of $1,400. Date Accounts Post. Ref. Debit Credit Jun. 5 Print Done June 9: Purchased office supplies on account, $800. Date Accounts Post. Ref. Debit Credit Jun. 9 i Requirements The following four-column accounts of Talia Park, CPA have been opened for you: Cash, 110; Accounts Receivable, 120; Office Supplies, 130; Office Furniture, 140; Accounts Payable, 210; Utilities Payable, 220; Common Stock, 310; Dividends, 320; Service Revenue, 410; Salaries Expense, 510; Rent Expense, 520, and Utilities Expense, 530. Journalize the transactions and then post the journal entries to the four-column accounts. Explanations are not required for the journal entries. Keep a running balance in each account. Assume the journal entries are recorded on page 10 of the journal. Prepare the trial balance as of June 30, 2018. 2. Print Done
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