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Step 1: Analyze the transactions; Step 2: Record the transactions; Step 3: Post the transactions; Step 4: Prepare the unadjusted trial balance as of 9/3

Step 1: Analyze the transactions;

Step 2: Record the transactions;

Step 3: Post the transactions;

Step 4: Prepare the unadjusted trial balance as of 9/3

On September 1, paid $12,000 cash for a one-year rent of office space. The rent payment will cover from September 1 of this year to August 31 of the next year. On September 4, purchased computers from Dell Co. for $19,000 on credit (payment due to Dell Co. in 90 days). FastForward estimated to use the computers for five years with a salvage value of $3,000. On September 9, provided consulting service of $30,600 to a customer, Well Inc., on credit. On September 10, paid the utility bill of $900 received on August 28. (Hint: review Module 1, Part 1 class lecture FastForward has recorded Augusts utilities in Augusts accounting book through an adjusting journal entry). On September 20, collected cash of $25,000 from the customer, Well Inc. for the work on September 9. On September 29, paid $7,000 cash for employee salary for the first time. On September 30, paid $500 cash for dividends to the shareholders

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