Posting, preparing a trial balanceLO4,5,6,

CHECK FIGURE:3. Total Dr = $75,700

RequiredUsing the journal entries prepared inProblem 2-4A, complete the following:

1.Set up the following accounts (use the balance column format or T-accounts): Cash (101); Accounts Receivable (106); Office Supplies (124); Prepaid Insurance (128); Prepaid Rent (131); Office Equipment (163); Accounts Payable (201); Abe Factor, Capital (301); Abe Factor, Withdrawals (302); Accounting Revenue (401); and Utilities Expense (690).

2.Post the entries to the accounts and enter the balance after each posting.

3.Prepare a trial balance as of the end of the month.