Sophia provides you with a list of business transactions that occurred during the year. You must use these transactions to demonstrate the first four steps in the accounting cycle: analyzing each transaction, using double entry accounting to record these transactions in the general journal, and posting them to their respective accounts. Finally, you prepare a trial balance, the fourth step in the accounting cycle, which ensures that the first three steps in the accounting cycle have been completed currently.

A. The Sisters invest $15,000 in cash in Happy Home Environmental Cleaning (HHEC) B. HHEC buys a building for $10,000 in cash. C. HHEC buys office equipment for $1,800 for cash. D. HHEC buys cleaning supplies for $2,800, agreeing to pay the upplier in 30 days. E. HHEC earns cleaning revenues of $16,460 in cash. F. HHEC earns cleaning revenues of $2,200 on account. G. HHEc paid the following expenses in cash:

Wages $4275

Utilities $985

Miscellaneous $195

H. HHEC pays $950 in cash to creditors on account. I. HHEC purchases a two year insurance policy for $2,400 in cash J. At the end of the year, the cost of cleaning supplies on hand is $2040. K. The sisters withdrew $2,000 in cash.