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Problem 2-2A Julia Dumar is a licensed CPA. During the first month of operations of her business, Julia Dumars, Inc., the following events and transactions

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Problem 2-2A Julia Dumar is a licensed CPA. During the first month of operations of her business, Julia Dumars, Inc., the following events and transactions occurred. May 1 Stockholders invested $20,000 cash in exchange for common stock 2 Hired a secretary-receptionist at a salary of $2,000 per month 3 Purchased $1,500 of supplies on account from Vincent Supply Company 7 Paid office rent of $900 cash for the month, 11 Completed a tax assignment and billed client $2,800 for services performed 12 Received $3,500 advance on a management consulting engagement, 17 Received cash of $1,200 for services performed for Orville Co. 31 Paid secretary receptionist $2,000 salary for the month 31 Paid 40% of balance due Vincent Supply Company Sulia Dumars uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 209 Uneared Service Revenue, No. 311 Common Stock, No. 400 Service Revenue, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense. Journalize the transactions. (Credit account tities are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter "O" for the amounts.) Date Account Titles and Explanation Debit Credit (Paid salaries) (Paid creditor on account) Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) Cash No. 101 Date Explanation Ref. Debit Credit Balance No. 112 Accounts Receivable Date Explanation Ref J1 Debit Credit Balance No. 126 Supplies Date Debit Credit Balance Explanation Ref. 1 Accounts Payable No. 201 Accounts Payable No. 201 Date Explanation Ref. Debit Credit Balance Unearned Service Revenue No. 209 Date Explanation Ref. Debit Credit Balance Common Stock No. 311 Date Explanation Ref. Debit Credit Balance Service Revenue No. 400 Date Explanation Ref. Debit Credit Balance J1 Salaries and Wages Expense No. 726 Date Explanation Ref. Debit Credit Balance Prepare a trial balance on May 31, 2019. Julia Dumars, Inc. Trial balance Debit Credit Totals Click if you would like to Show Work for this question: Open Show Work

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