Question 1

Question 2

More info More info Trevor Moore opened a iaw office on January 1, 2024, During the fint month ef operations, the business completed the folowing transacbions: (1) (Click the icon to vew the transacions.) Fead the reavicemerts dobihs finst, then credits: Exduble explarations from joumal entries.) Jan. 1: Moore contrbuted $60,000 cash to the business, Trevor Mooen, Anomey, The business issued common stock to Moore. quirements. Vincent Yang practices medicine under the business tAle Vincent Yang. M. D. During July, the medical practice completed the following transactions: Q (Click the igon to view the transacbons.) B (Click the icon to view the accounts used by the business.) Read the requirements. Requirement 1. Journalue each transaction. Explanations are not required, (Record debits first, then credits. Exclude explanations trom journal entries.) Wily 1: Yang contributed $64,000 cash to the business in exchange for common stock: Moore opened a law office on January 1,2024. During the first month of operations, the business completed the following transactions: lick the icon to view the transactions.) Requirements 1. Record each transaction in the journal, using the following account titles: Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Land; Building: Furniture; Accounts Payable; Utilities Payable; Notes Payable; Common Stock; Dividends; Service Revenue; Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required. 2. The following four-column accounts have been opened: Cash, 101: Accounts Receivable, 111; Office Supplies, 121; Prepaid Insurance, 131; Land, 141; Building, 151; Furniture, 161; Accounts Payable, 201; Utilities Payable, 211; Notes Payable, 221; Common Stock, 301; Dividends, 311; Service Revenue, 411; Salaries Expense, 511; Rent Expense, 521; and Utilities Expehse, 531. Post the journal entries to four-column accounts in the ledger, using dates, account numbers, journal references, and posting references. Assume the journal entries were recorded on page 1 of the journal. 3. Prepare the trial balance of Trevor Moore, Attorney, at January 31, 2024