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please no handwriting 1C Recording Business Transactions P2-31A Journalizing transactions, posting journal entries to four-column Learning Objectives 3, 4 accounts, and preparing a trial balance

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1C Recording Business Transactions P2-31A Journalizing transactions, posting journal entries to four-column Learning Objectives 3, 4 accounts, and preparing a trial balance Timothy Monroe opened a law office on January 1, 2017. During the first month of operations, the business completed the following transactions: 3.Cash Balance $23,400 Jan. 1 Monroe contributed $62,000 cash to the business, Timothy Monroe, Attorney The business gave capital to Monroe. 3 Purchased office supplies, $500, and furniture, $2,000, on account. Performed legal services for a cient and received $1,600 cash. 4 7 Purchased a building with a market value of $70,000, and land with a market value of $29,000. The business paid $35,000 cash and signed a note payable to the bank for the remaining amount 11 Prepared legal documents for a client on account, $300 Paid assistant's semimonthly salary, $1,180. 15 16 Paid for the office supplies purchased on January 3 on account. Received $2,000 cash for helping a client sell real estate. 18 Defended a client in court and billed the client for $1,400. 19 Received a bill for utilities. $550. The bill wll be paid next month. 25 Received cash on account, $700. 29 Paid $840 cash for a 12-month insurance policy starting on February 1 30 Paid assistant's semimonthly salary, $1,180. 30 Paid monthly rent expense, $1,300. 31 Monroe withdrew cash of $2,900. 31 Requirements 1. Record each transaction in the journal, using the following account titles: Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Furniture; Building Land; Accounts Payable; Utilities Payable; Notes Payable; Monroe, Capital; Monroe, Withdrawals; Service Revenue; Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required. 2. Open the following four-column accounts including 101: Accounts Receivable, 111; Office Supplies, 121; Prepaid Insurance, 131; Furniture, 141; Building, 151; Land, 161; Accounts Payable, 201; Utilities Payable, 211; Notes Payable, 221: Monroe, Capital, 301; Monroe, Withdrawals, 311: Service Revenue, 411; Salaries Expense, 511; Rent Expense, 521; and Utilities Expense, 531. 3. Post the journal entries to four-column accounts in the ledger, using dates, account numbers, journal references, and posting references. Assume the journal entries were recorded on page 1 of the journal. 4. Prepare the trial balance of Timothy Monroe, Attorney, at January 31, 2017. account numbers: Cash

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