Juta Dumars is a licensed CPA. During the first month of operations of her business, Julia Dumars, Inc., the following events and transactions occurred May 1 2 3 7 11 Stockholders invested $20,000 cash in exchange for common stock. Hired a secretary-receptionist at a salary of $2,000 per month Purchased $1.500 of supplies on account from Vincent Supply Company Pald office rent or $900 cash for the month Completed a tax assignment and billed client $2,800 for services performed Recelved $3,500 advance on a management consulting engagement Received cash or $1.200 for services performed for Orville Co, Pald secretary-receptionist $2.000 salary for the month. Paid 40% of balance due Vincent Supply Company 12 17 31 31 Julia 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 Common Stock, No 400 Service Revenue, No 726 Salaries and Wages Experise, and No, 729 Rent Expense (b) Post to the ledger accounts. (Post entries in the order of Journal entries presented in the previous part.) No. 101 Cash Date Explanation Ref. Debit Balance Credit May 1 11 May 12 01 May 17 J1 31 31 J1 Accounts Receivable No. 112 Date Explanation Ref Debit Credit Balance J1 Supplies Date No. 126 Explanation Ref. Debit Credit Balance J1 No. 201 Accounts Payable Date Explanation Ref. Debit Credit Balance J1 31 Unearned Service Revenue No. 209 Date Explanation Ref. Debit Balance Credit Unearned Service Revenue No. 209 Date Explanation Ref. Debit Credit Balance 31 No. 311 Common Stock Date Explanation Ref. Debit Credit Balance J1 No. 400 Service Revenue Date Explanation Ref. Debit Credit Balance J1 J1 No. 726 Salaries and Wages Evans No. 726 Salaries and Wages Expense Balance Credit Date Explanation Debit Ref. 31 No. 729 Rent Expense Credit Balance Date Debit Explanation Ref. J1 Julia Dumars is a licensed CPA. During the first month of operations of her business, Julia Dumars, Inc. the following events and transactions occurred May 1 2 3 7 11 Stockholders invested $20,000 cash in exchange for common stock. Hired a secretary-receptionist at a salary of $2,000 per month Purchased $1.500 of supplies on account from Vincent Supply Company Paid office rent of $900 cash for the month, Completed a tax assignment and billed client $2,800 for services performed Received $3,500 advance on a management consulting engagement Received cash of $1.200 for services performed for Orville Co Pald secretary-receptionist $2.000 salary for the month. Paid 40% of balance clue Vincent Supply Company 12 17 31 31 Julia 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 Common Stock, No 400 Service Revenue, No 726 Salaries and Wages Expense, and No, 729 Rent Expense (b) Post to the ledger accounts. (Post entries in the order of Journal entries presented in the previous part.) No. 101 Cash Date Explanation Ref. Debit Credit Balance May 1 31 May 12 01 May 17 31 J1 01 J1 Accounts Receivable No. 112 Date Explanation Ref Debit Credit Balance J1 Supplies No. 126 | Date Explanation Ref. Debit Credit Balance J1 No. 201 Accounts Payable Date Explanation Ref. Debit Credit Balance J1 J1 Unearned Service Revenue No. 209 Date Explanation Ref. Debit Balance Credit Unearned Service Revenue No. 209 Date Explanation Ref. Debit Credit Balance J1 Common Stock No. 311 Date Explanation Ref. Debit Credit Balance J1 No. 400 Service Revenue Date Explanation Ref. Debit Credit Balance 31 J1 No. 726 Salaries and Wages Synonse No. 726 Salaries and Wages Expense Credit Balance Debit Date Explanation Rer. 31 No. 729 Rent Expense Credit Balance Date Debit Explanation Ref. J1
