only part B The following events apply to Paradise Vacations$$s first year of operations:

Acquired $$35,000$ cash from the issue of common stock on January $1,$ Year $1.$

Purchased $$1,550$ of supplies on account.

Paid $$6,000$ cash in advance for a one$-$year lease on office space.

Earned $$43,350$ of revenue on account.

Incurred $$14,750$ of other operating expenses on account.

Collected $$31,500$ cash from accounts receivable.

Paid $$9,750$ cash on accounts payable.

Paid a $$4,500$ cash dividend to the stockholders.

Information for Adjusting Entries

There was $$300$ of supplies on hand at the end of the accounting period.

The lease on the office space covered a one$-$year period beginning November $1.$

There was $$5,100$ of accrued salaries at the end of the period.

Required

ONLY PART B Post the transaction data from the journal to ledger T$-$accounts.

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Post the transaction data from the journal to ledger T$-$accounts.