Post the transactions to the T-accounts. Use the transaction dates as posting references. If posting more than one entry on the same date to a single account, post to that account in the same order as you prepared the entries above. Use a "Bal." posting reference to show the ending balance of each account. For any accounts with a zero balance, select the "Bal." posting reference and enter a "0" on the normal side of the account. (Abbreviation used: Depr. = Depreciation)

Date			Accounts and Explanation	Debit	Credit
Dec. 1			Cash	60,000
			Walsh, Capital		60,000
			Owner contribution.

Dec. 1			Equipment	9,000
			Cash		9,000
			Purchased equipment with cash.

Dec. 1			Prepaid Insurance	4,500
			Cash		4,500
			Paid insurance in advance.

Dec. 9			Land	22,000
			Cash		22,000
			Purchased land with cash.

Dec. 10			Office Supplies	2,200
			Accounts Payable		2,200
			Purchased office supplies on account.

Dec. 19			Cash	18,000
			Notes Payable		18,000
			Borrowed cash on notes payable.

Dec. 22			Advertising Expense	1,700
			Cash		1,700
			Paid cash expense.

Dec. 26			Accounts Payable	1,000
			Cash		1,000
			Paid cash on account.

Dec. 28			Utilities Expense	210
			Utilities Payable		210
			Accrued utility liability.

Dec. 31			Cash	17,500
			Accounts Receivable	3,000
			Service Revenue		20,500
			Service revenue earned in cash and on account.

Dec. 31			Salaries Expense	4,200
			Rent Expense	900
			Cash		5,100
			Paid cash expenses.

Dec. 31			Cash	1,400
			Unearned Revenue		1,400
			Collected cash for future services.

Dec. 31			Walsh, Withdrawals	4,500
			Cash		4,500
			Owner withdrawal.