Task: 1. Create journal entries for the following transactions, 2. Draw up a T-account for each account affected by transactions; 3. Calculate normal balances for all T-accounts. 4. Prepare an unadjusted trial balance. Transactions: August, 1: Student Co. received fees earned from customers, $ 20,000; August, 2: Purchased office equipment on credit, $45,000; August, 6: The owner invests $170,000 cash into business; August, 8: Purchased office supplies on account, $2,500; August, 9: Purchased land for a future building site, $80,000; August, 13: Paid office rent for one month, $5,500; August, 16: Received cash $4,100 from a customer for interest earned; August, 18: Paid utilities expense for the month of February, $700; August, 19: The owner withdraws $3,000 from the business; August, 20: Purchased inventory, $5,000; August, 21: Paid creditors on account, $5,500; August, 24: Paid tax expense, $500; August, 25: Services provided on account, $23,000; August, 28: Paid creditors on account, $20,000; August, 29: Paid salaries bill, $23,900. August 30, Received $10,000 on account from customers. Journal Date Description Post. Ref. Debit Credit = Ledger Add more T-accounts if needed. = Student Co. Unadjusted Trial Balance August 30, 2020 Debit Balances Credit Balances