Silverlake Physical Therapy, Inc., began business as a physical therapy services provider on October $1,202$X$.$ You were hired as the Operations Manager. A CPA who accepted the Accountant Specialist position will be able to start in one month, so you received a request to cover the journal entries for the first month financial transactions. During the first month of operations, the following transactions occurred:

$10/1$ Sold $1,000$ shares of stock for $$100,000.$

$10/2$ Purchased physical therapy equipment for $$33,000.$ Made a $$15,000$ cash down payment and gave the seller a note payable due in $90$ days.

$10/3$ Paid $$4,000$ for a month$$s rent.

$10/15$ Collected $$16,000$ in cash for services rendered during the first $15$ days of October.

$10/17$ Paid $$5,400$ dividends to stockholders.

$10/19$ Purchased $$1,875$ of supplies on account.

$10/19$ Paid the phone bill for the month, $$469.$

$10/21$ Received but did not pay the $$287$ utility bill for October.

$10/25$ Paid personnel salary in the total mount of $$15,600.$

$10/28$ Paid for the supplies purchased on $10/19.$

$10/31$ Performed $$27,500$ in services for the last half of October. Patients paid for $$4,000$ of these services.

This week$$s initial discussion posting will have three parts.

Prepare the journal entries for each of these transactions, using the following format:

Journal Entry

Date

Accounts

Debit

Credit

Prepare a trial balance on the account balances, using the following format:

Trial Balance on Account Balance

Accounts

Debit

Credit

Total

If the trail balance does not balance, identify an error, and correct the trial balance to make sure that debit and credit total balance. Discuss the possible errors and how they may affect the trial balance. If out of balance, what is the difference between the column totals? Which column total is larger? Which column total is correct?