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

1. On January 15, Rosenthal sold 500 shares of its common stock to William Hensley for $29,000.
2. On January 24, Rosenthal purchased $720 of painting supplies from Westwood Builders' Supply Company on account.
3. On February 20, Rosenthal paid $720 cash to Westwood Builders' Supply Company for the painting supplies purchased on January 24.
4. On April 25, Rosenthal billed Bultman Condominiums $37,200 for painting and decorating services performed in April.
5. On May 12, Rosenthal received $12,500 from Bultman Condominiums for the painting and decorating work billed in April.
6. On June 5, Rosenthal sent Arlington Builders a $9,500 bill for a painting job completed on that day.
7. On June 24, Rosenthal paid wages for work performed during the preceding week in the amount of $10,700.

Required:

1. Prepare a journal entry for each of the transactions listed above.

Jan. 15		fill in the blank fec29708dfa001c_2
			fill in the blank fec29708dfa001c_4
	(Record issuance of stock)
Jan. 24		fill in the blank fec29708dfa001c_6
			fill in the blank fec29708dfa001c_8
	(Record purchase of supplies on account)
Feb. 20		fill in the blank fec29708dfa001c_10
			fill in the blank fec29708dfa001c_12
	(Record payment of account)
April 25		fill in the blank fec29708dfa001c_14
			fill in the blank fec29708dfa001c_16
	(Record services performed on account)
May 12		fill in the blank fec29708dfa001c_18
			fill in the blank fec29708dfa001c_20
	(Record receipt of payment)
June 5		fill in the blank fec29708dfa001c_22
			fill in the blank fec29708dfa001c_24
	(Record services performed on account)
June 24		fill in the blank fec29708dfa001c_26
			fill in the blank fec29708dfa001c_28
	(Record payment of wages)

2. Post the transactions to T-accounts. If a balance is zero, please enter zero ("0").

Cash
	fill in the blank 5e5186003040fd3_2		fill in the blank 5e5186003040fd3_4
	fill in the blank 5e5186003040fd3_6		fill in the blank 5e5186003040fd3_8
End. Bal.	fill in the blank 5e5186003040fd3_9

Accounts Receivable
	fill in the blank 5e5186003040fd3_11		fill in the blank 5e5186003040fd3_13
	fill in the blank 5e5186003040fd3_15
End. Bal.	fill in the blank 5e5186003040fd3_16

Supplies
	fill in the blank 5e5186003040fd3_18
End. Bal.	fill in the blank 5e5186003040fd3_19

Accounts Payable
	fill in the blank 5e5186003040fd3_21		fill in the blank 5e5186003040fd3_23
		End. Bal.	fill in the blank 5e5186003040fd3_24

Common Stock
			fill in the blank 5e5186003040fd3_26
		End. Bal.	fill in the blank 5e5186003040fd3_27

Wages Expense
	fill in the blank 5e5186003040fd3_29
End. Bal.	fill in the blank 5e5186003040fd3_30

Service Revenue
			fill in the blank 5e5186003040fd3_32
			fill in the blank 5e5186003040fd3_34
		End. Bal.	fill in the blank 5e5186003040fd3_35

3. Prepare a trial balance at June 30, 2019. If an amount box does not require an entry, leave it blank.

Rosenthal Decorating Inc.
Trial Balance
June 30, 2019
Account	Debit	Credit
	$fill in the blank ed99990b0fd9fe8_2	$fill in the blank ed99990b0fd9fe8_3
	fill in the blank ed99990b0fd9fe8_5	fill in the blank ed99990b0fd9fe8_6
	fill in the blank ed99990b0fd9fe8_8	fill in the blank ed99990b0fd9fe8_9
	fill in the blank ed99990b0fd9fe8_11	fill in the blank ed99990b0fd9fe8_12
	fill in the blank ed99990b0fd9fe8_14	fill in the blank ed99990b0fd9fe8_15
	fill in the blank ed99990b0fd9fe8_17	fill in the blank ed99990b0fd9fe8_18
	fill in the blank ed99990b0fd9fe8_20	fill in the blank ed99990b0fd9fe8_21
	$fill in the blank ed99990b0fd9fe8_22	$fill in the blank ed99990b0fd9fe8_23