Problem 2-2A Julia Dumars is a licensed CPA. During the first month of operations of her business, Sheffield Corp., the following events and transactions occurred. May 1 Stockholders invested $20,200 cash in exchange for common stock. 2 Hired a secretary-receptionist at a salary of $2,500 per month. 3 Purchased $1,800 of supplies on account from Vincent Supply Company. 7 Paid office rent of $880 cash for the month. 11 Completed a tax assignment and billed client $3,000 for services performed. 12 Received $3,300 advance on a management consulting engagement. 17 Received cash of $1,100 for services performed for Orville Co. 31 Paid secretary-receptionist $2,500 salary for the month. 31 Paid 40% of balance due Vincent Supply Company. Julia Dumars 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. Journalize the transactions. (Credit account titles 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 "0" for the amounts.) Date Account Titles and Explanation Debit Credit (Paid salaries) (Paid creditor on account) Accounts Payable No. 201 Date Explanation Ref. Debit Credit Balance J1 J1 Unearned Service Revenue No. 209 Date Explanation Ref. Debit Credit Balance J1 Common Stock No. 311 Date Explanation Ref. Debit Credit Balance J1 Service Revenue No. 400 Date Explanation Ref. Debit Credit Balance J1 J1 Salaries and Wages Expense No. 726 Date Explanation Ref. Debit Credit Balance J1 Rent Expense No. 729 Date Explanation Ref. Debit Credit Balance J1 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 J1 J1 J1 J1 J1 J1 Accounts Receivable No. 112 Date Explanation Ref Debit Credit Balance J1 Supplies No. 126 Date Explanation Ref. Debit Credit Balance J1 Prepare a trial balance on May 31, 2019. Sheffield Corp. Trial balance Debit Credit $ Totals