Show me the steps to solve Your company began operations on the first day of the current month. Journal entries for the first month follow:

Account Debit Credit

Cash $75,000$

Common stock $75,000$

Land $47,500$

Equipment $27,500$

Accounts payable $12,500$

Cash $62,500$

Accounts receivable $105,000$

Service revenue $105,000$

Cash $60,000$

Accounts receivable $60,000$

Supplies $7,500$

Cash $7,500$

Cash $10,000$

Unearned fees $10,000$

Dividends $7,500$

Cash $7,500$

Salaries expense $60,000$

Cash $60,000$

Rent expense $15,000$

Cash $15,000$

Utilities expense $5,000$

Cash $5,000$

Cash $17,500$

Rent revenue $17,500$

Required:

$1)$ Post the transactions to the T$-$accounts.

$2)$ Prepare the trial balance.