Q17

The following transactions occurred during the month for Talia Park, CPA: (Click the icon to view the transactions.) Read the requirements. Requirements 1. The following four-column accounts of Talia Park, CPA have been opened for you: Cash, 110; Accounts Receivable, 120; Office Supplies, 130; Office Furniture, 140; Accounts Payable, 210; Utilities Payable, 220; Common Stock, 310; Dividends, 320; Service Revenue, 410; Salaries Expense, 510; Rent Expense, 520; and Utilities Expense, 530. Journalize the transactions and then post the journal entries to the four-column accounts. Explanations are not required for the journal entries. Keep a running balance in each account. Assume the journal entries are recorded on page 10 of the journal. 2. Prepare the trial balance as of June 30,2024 . Requirement 1. Journalize the transactions and then post the journal entries to the four-column accounts. Keep a running balance in each account. Assume the journal entries are recorded on page 10 of the journal. (Record debits first, then credits. Exclude explanations from journal entries.) Begin by journalizing the transactions. June 1: Park opened an accounting firm by contributing $14,500 cash and office furniture with a fair market value of $5,200 in exchange for common stock. Prepare a compound entry. market value of $5,200 in exchange for common stock. Prepare a compound entry