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Problem 2-3A Santa Ana Services was formed on May 1, 2014. The following transactions took place during the first month. Transactions on May 1: 1.

Problem 2-3A Santa Ana Services was formed on May 1, 2014. The following transactions took place during the first month. Transactions on May 1:
1. Don Humes invested $39,300 cash in the company, as its sole owner.
2. Hired two employees to work in the warehouse. They will each be paid a salary of $2,940 per month.
3. Signed a 2-year rental agreement on a warehouse; paid $23,000 cash in advance for the first year.
4. Purchased furniture and equipment costing $29,280. A cash payment of $10,100 was made immediately; the remainder will be paid in 6 months.
5. Paid $1,600 cash for a one-year insurance policy on the furniture and equipment.
6. Purchased basic office supplies for $500 cash.
7. Purchased more office supplies for $1,220 on account.
8. Total revenues earned were $19,180$7,380 cash and $11,800 on account.
9. Paid $410 to suppliers for accounts payable due.
10. Received $3,380 from customers in payment of accounts receivable.
11. Received utility bills in the amount of $380, to be paid next month.
12. Paid the monthly salaries of the two employees, totalling $5,880.
Prepare journal entries to record each of the events listed.(Record entries in the order displayed in the problem statement. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
No. Account Titles and Explanation Debit Credit
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
SHOW LIST OF ACCOUNTS
LINK TO TEXT LINK TO TEXT
Post the journal entries to T-accounts.(Post entries in the order of journal entries presented in the previous question.)
Cash
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
Accounts Receivable
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
Supplies
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
Prepaid Insurance
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
Prepaid Rent
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
Equipment
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
Accounts Payable
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
Owners Capital
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
Service Revenue
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
Salaries and Wages Expense
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
Utilities Expense
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)Bal.
SHOW LIST OF ACCOUNTS
LINK TO TEXT
Prepare a trial balance as of May 31, 2014.
SANTA ANA SERVICES Trial Balance May 31, 2014
Debit Credit
$ $
Total $

$

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