Recording Business Transactions ents 2 & 3(Continued) 51 ACCOUNT SALARY EXPENSE DATE ITEM ACCOUNT NO. 600 IRNL. REF DEBIT CREDIT BALANCE Sophie Vaillancourt started an investment management of operations, the business completed the following selected transactions: a. Sophie began the business with an investment of $20,000 cash, land valued at $60,000, and a building valued at $120.000 The business gave Sophie owner's equity in the business for the value of the cash, land, and building b. Purchased office supplies on account, $2,600. c.Paid $15,000 cash for office furniture. business, Vaillancourt Management, on Jure 1, 2017. During the first d. Paid employee salary, $2,200 cash. e. Performed consulting service on account for clients, S12,100 f. Paid in cash $800 of the account payable created in Transaction b. g Received a $2,000 bill for advertising expense that will be paid in the near future. h. Performed consulting services for customers and received cash, $5,600. i. Received cash on account, $2,400. Paid the following cash expenses: (1) Rent of photocopier, $1,700. (2) Utilities, $400. k. Sophie withdrew $6,500 cash for personal use. j. Required 1. Record each transaction in the journal. Use the letters to identify the transactions 2. Open the following three column ledger accounts: Cash, a 1100 Accounts Receivable #1300, Office Supplies rio one Furniture "1500 Building, #1 700 Land #1800; Accounts Payable 2100 Sophie Vaillanc rt Capital,#3100 Sophie lancourt, withdrawals, #3200, Service Revenue #4100; Advertising Expense #5100; Equipment Rental Expense, #5300; Salary Expense, #5500, Utilities Expense, 45700. 3. Post to the accounts and keep a running balance for each account. 4. Prepare the unadjusted trial balance of Vaillancourt Management at June 30, 2017 lt payable created in Transaction b g. Received a $2,000 bill for advertising expense that will be paid in the near future. Performed consulting services for customers and received cash, $5,600. . Received cash on account, $2,400. Paid the following cash expenses: (1) Rent of photocopier, $1,700. (2) Utilities, $400. Sophie withdrew $6,500 cash for personal use. equired Record each transaction in the journal. Use the letters to identify the transactions. pen the following three-column ledger accounts: Cash, #1100; Accounts Receivable #1300; Office Supplies #1400, Office Furniture, #1500, Building, #1700, Land, #1800, A counts Payable, #2100; Sophie Vaillancourt, Capital,S100, Sophie Vail lan court, withdrawals, #3200; Service Revenue, #4100; Advertising Expense, #5100; Equipment Rental Expense #5300; Salary Expense, #5500, Utilities Expense, #5700. Post to the accounts and keep a running balance for each account. Prepare the unadjusted trial balance of Vaillancourt Management at June 30, 2017