Rosenthal Decorating Inc. is a commercial painting and decorating contractor that began operations in January 2019. The following transactions occurred during the year:

Transactions:
Jan.	15	Rosenthal sold 500 shares of its common stock to WilliamHensley for $10,000.
	24	Rosenthal purchased $720 of painting supplies from Westwood Builders Supply Company on account.
Feb.	20	Rosenthal paid $720 cash to Westwood Builders Supply Company for the painting supplies purchased on January 24.
Apr.	25	Rosenthal billed Bultman Condominiums $12,500 for painting and decorating services performed in April.
May	12	Rosenthal received $12,500 from Bultman Condominiums for the painting and decorating work billed in April.
Jun.	5	Rosenthal sent Arlington Builders a $9,500 bill for a painting job completed on that day.
Jun.	24	Rosenthal paid wages for work performed during the preceding week in the amount of $6,700.

Required:

1.

Prepare a journal entry for each of the transactions.

2.

Post the transactions to T-accounts.

3.

Prepare a trial balance at June 30, 2019.

CHART OF ACCOUNTS

Rosenthal Decorating Inc.

General Ledger

	ASSETS
111	Cash
121	Accounts Receivable
122	Notes Receivable
123	Supplies
124	Prepaid Insurance
125	Prepaid Rent
126	Inventory
131	Land
132	Buildings
133	Equipment
134	Furniture
135	Trucks
139	Accumulated Depreciation

	LIABILITIES
211	Accounts Payable
212	Notes Payable
213	Income Taxes Payable
214	Wages Payable
215	Utilities Payable
216	Insurance Payable
217	Interest Payable
218	Rent Payable
219	Unearned Service Revenue
231	Bonds Payable

	EQUITY
311	Common Stock
321	Retained Earnings
331	Dividends

	REVENUE
411	Sales Revenue
412	Service Revenue
413	Interest Income

	EXPENSES
511	Cost of Goods Sold
512	Advertising Expense
513	Supplies Expense
514	Utilities Expense
515	Rent Expense
516	Insurance Expense
517	Repairs and Maintenance Expense
521	Wages Expense
531	Interest Expense
532	Depreciation Expense
533	Income Taxes Expense

X

General Journal

1. Prepare a journal entry of the transactions on Rosenthal Decorating Inc.

	Post the transactions to T-accounts.
3.	Prepare a trial balance at June 30, 2019.

none

X

Chart Of Accounts

CHART OF ACCOUNTS

Rosenthal Decorating Inc.

General Ledger

	ASSETS
111	Cash
121	Accounts Receivable
122	Notes Receivable
123	Supplies
124	Prepaid Insurance
125	Prepaid Rent
126	Inventory
131	Land
132	Buildings
133	Equipment
134	Furniture
135	Trucks
139	Accumulated Depreciation

	LIABILITIES
211	Accounts Payable
212	Notes Payable
213	Income Taxes Payable
214	Wages Payable
215	Utilities Payable
216	Insurance Payable
217	Interest Payable
218	Rent Payable
219	Unearned Service Revenue
231	Bonds Payable

	EQUITY
311	Common Stock
321	Retained Earnings
331	Dividends

	REVENUE
411	Sales Revenue
412	Service Revenue
413	Interest Income

	EXPENSES
511	Cost of Goods Sold
512	Advertising Expense
513	Supplies Expense
514	Utilities Expense
515	Rent Expense
516	Insurance Expense
517	Repairs and Maintenance Expense
521	Wages Expense
531	Interest Expense
532	Depreciation Expense
533	Income Taxes Expense

none

X

General Journal

1. Prepare a journal entry of the transactions on Rosenthal Decorating Inc.

2) Post the transactions to the t acccount

3)prepare a trial balance at june 30 2019