Required 1. Open the following T-accounts: Cash, 101; Accounts Receivable, 106; Prepaid Insurance, 128; Furniture, 161; Store Equipment, 165; Accounts Payable, 201; Unearned Haircutting Services Revenue, 236; Joanne Cardinal, Capital, 301; Joanne Cardinal, Withdrawals, 302; Haircutting Services Revenue, 403; Wages Expense, 623; Rent Expense, 640; and Hydro Expense, 690.

2. Prepare general journal entries for the preceding transactions. /29

3. Post the journal entries to the T-accounts.

4. Prepare a trial balance as of August 31, 2017. /13