Question #3: 25 points The transactions of the Reno/Tahoe Charter Service are recorded in the general journal below. General Journal for Reno/Tahoe Charter Service Account Titles and Explanation Debit Credit Date 2020 Sept. 1 Cash Common Stock (Stockholders invested cash in business) 100,000 100,000 4 Equipment Cash Notes Payable 52,000 12,000 40,000 (Paid cash down payment and signed a 5-year, 6% note for Custom Charter Bus) 8 Rent Expense Cash 2,900 2,900 (Paid September rent) 15 Prepaid Insurance 3,600 Cash 3,600 (Paid one-year liability insurance) 18 Cash 4,900 Charter Service Revenue 4,900 (Received cash for charter services) 20 20 Salaries and Wages Expense 2,500 Cash 2,500 (Paid salaries for current period) 25 Utilities Expense 310 Accounts Payable 310 (Received a bill for September utilities) 30 30 Dividends 1,200 Cash 1,200 (Paid dividends) 30 30 Accounts Receivable Charter Service Revenue 5,100 5,100 (Billed customer for charter services) Instructions 1. Post the journal entries above to the attached general ledger "T" accounts starting on the next page. If you prefer, you can create your own T accounts and turn them in instead. 2. After posting to "T" accounts, fill in the trial balance using the form provided, or if you prefer, you can create and prepare your own trial balance and turn it in instead.