PSA2.5 Mahon Consultants Pty Ltd opened as licensed architects on 1 April 2015. During the rst month of the operation of the business, these events and transactions occurred:

Journalise transactions, post, and prepare a trial balance. (LO3,5,6,7,8)

Apr. 1 1

2 3

10 11

20 30 30

Shareholders invested $76 500 cash in exchange for shares. Hired a personal assistant at a salary of $5850 per month, payable monthly.

Paid of ce rent for the month, $2850.

Purchased drawing supplies on account from Speedy Supplies Ltd, $7650.

Completed a contract and invoiced client $4050 for services. Received $1650 cash advance from R. Welk for the design of an extension.

Received $9450 cash for services completed for P. Donahue. Paid assistant for the month, $5850.

Paid $3450 owed to Speedy Supplies Ltd.

Mahon Consultants Pty Ltd uses these accounts: Cash (no. 100), Accounts Receivable (no. 110), Supplies (no. 115), Accounts Payable (no. 200), Revenue Received in Advance (no. 209), Share Capital (no. 300), Service Revenue (no. 400), Salaries Expense (no. 500), and Rent Expense (no. 510).

Required

(a) Journalise the transactions. Include narrations.

(b) Post to the ledger T accounts.

(c) Prepare a trial balance on 30 April 2015.