Requirement 2 The four column ledger accounts listed in the trial balance, together with their balances as of MarchMarch 3131, have been opened for you and utilize the following account numbers Cash, 11 Accounts Receivable, 12 Office Supplies, 13 Land, 14 Furniture, 15 Automobile, 16 Accounts Payable, 21 Unearned Revenue, 22 MerkMerk, Capital, 31 MerkMerk, Withdrawals, 33 Service Revenue, 41 Salaries Expense, 51 and Rent Expense, 52 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 5 of the journal (Compute the new balance for each account after posting each transaction ) CASH Account No 11 Balance Date Item Post Ref Debit Credit Debit Credit 2018 Mar 31 Balance 16,000 Apr 4 Apr 13 Apr 19 Apr 20 Apr 21 Apr 24 Apr 27 Apr 28 ACCOUNTS RECEIVABLE Account No 12 Balance Date Item Post Ref Debit Credit Debit Credit 2018 Mar 31 Balance 11,500 Apr 4 Apr 8 Apr 19 OFFICE SUPPLIES Account No 13 Balance Date Item Post Ref Debit Credit Debit Credit 2018 Mar 31 Balance 1,400 Apr 18 LAND Account No 14 Balance Date Item Post Ref Debit Credit Debit Credit 2018 Mar 31 Balance 19,000 FURNITURE Account No 15 Balance Date Item Post Ref Debit Credit Debit Credit 2018 Mar 31 Balance 0 Apr 14 AUTOMOBILE Account No 16 Balance Date Item Post Ref Debit Credit Debit Credit 2018 Mar 31 Balance 0 Apr 15 Steven Merk, CPA Trial Balance March 31, 2018 Balance Account Title Debit Credit Cash $16,000 Accounts Receivable 11,500 Office Supplies 1,400 Land 19,000 Furniture 0 Automobile 0 Accounts Payable $5,600 Unearned Revenue 0 Merk, Capital 31,900 Merk, Withdrawals 0 Service Revenue 16,000 Salaries Expense 4,600 Rent Expense 1,000 Total $ 53,500 $ 53,500 4 Collected $ 3 comma 500$3,500 cash from a client on account 8 Performed tax services for a client on account, $ 4 comma 900$4,900 13 Paid $ 2 comma 200$2,200 on account 14 Purchased furniture on account, $ 4 comma 400$4,400 15 MerkMerk contributed his personal automobile to the business in exchange for capital The automobile had a market value of $ 12 comma 000$12,000 18 Purchased office supplies on account, $ 1 comma 200$1,200 19 Received $ 2 comma 450$2,450 for tax services performed on AprilApril 8 20 MerkMerk withdrew cash of $ 2 comma 500$2,500 21 Received $ 3 comma 200$3,200 cash for consulting work completed 24 Received $ 1 comma 500$1,500 cash for accounting services to be completed next month 27 Paid office rent, $ 1 comma 300$1,300 28 Paid employee salary, $ 1 comma 400$1,400 PrintDone

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Requirement 2. The four-column ledger accounts listed in the trial balance, together with their balances as of MarchMarch 3131, have been opened for you and

Requirement 2. The four-column ledger accounts listed in the trial balance, together with their balances as of

MarchMarch

3131,

have been opened for you and utilize the following account numbers: Cash, 11; Accounts Receivable, 12; Office Supplies, 13; Land, 14; Furniture, 15; Automobile, 16; Accounts Payable, 21; Unearned Revenue, 22;

MerkMerk,

Capital, 31;

MerkMerk,

Withdrawals, 33; Service Revenue, 41; Salaries Expense, 51; and Rent Expense, 52. 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 5 of the journal. (Compute the new balance for each account after posting each transaction.)

CASH					Account No. 11
					Balance
Date	Item	Post. Ref.	Debit	Credit	Debit	Credit
2018
Mar. 31	Balance				16,000
Apr. 4
Apr. 13
Apr. 19
Apr. 20
Apr. 21
Apr. 24
Apr. 27
Apr. 28

ACCOUNTS RECEIVABLE					Account No. 12
					Balance
Date	Item	Post. Ref.	Debit	Credit	Debit	Credit
2018
Mar. 31	Balance				11,500
Apr. 4
Apr. 8
Apr. 19

OFFICE SUPPLIES					Account No. 13
					Balance
Date	Item	Post. Ref.	Debit	Credit	Debit	Credit
2018
Mar. 31	Balance				1,400
Apr. 18

LAND					Account No. 14
					Balance
Date	Item	Post. Ref.	Debit	Credit	Debit	Credit
2018
Mar. 31	Balance				19,000

FURNITURE					Account No. 15
					Balance
Date	Item	Post. Ref.	Debit	Credit	Debit	Credit
2018
Mar. 31	Balance				0
Apr. 14

AUTOMOBILE					Account No. 16
					Balance
Date	Item	Post. Ref.	Debit	Credit	Debit	Credit
2018
Mar. 31	Balance				0
Apr. 15

Steven Merk, CPA

Trial Balance

March 31, 2018

Balance

Account Title

Debit

Credit

Cash

$16,000

Accounts Receivable

11,500

Office Supplies

1,400

Land

19,000

Furniture

Automobile

Accounts Payable

$5,600

Unearned Revenue

Merk, Capital

31,900

Merk, Withdrawals

Service Revenue

16,000

Salaries Expense

4,600

Rent Expense

1,000

Total

$53,500

4		Collected $ 3 comma 500$3,500 cash from a client on account.
	8		Performed tax services for a client on account, $ 4 comma 900$4,900.
	13		Paid $ 2 comma 200$2,200 on account.
	14		Purchased furniture on account, $ 4 comma 400$4,400.
	15		MerkMerk contributed his personal automobile to the business in exchange for capital. The automobile had a market value of $ 12 comma 000$12,000.
	18		Purchased office supplies on account, $ 1 comma 200$1,200.
	19		Received $ 2 comma 450$2,450 for tax services performed on AprilApril 8.
	20		MerkMerk withdrew cash of $ 2 comma 500$2,500.
	21		Received $ 3 comma 200$3,200 cash for consulting work completed.
	24		Received $ 1 comma 500$1,500 cash for accounting services to be completed next month.
	27		Paid office rent, $ 1 comma 300$1,300.
	28		Paid employee salary, $ 1 comma 400$1,400.