The following events apply to Complete Business Service in Year $1,$ its first year of operations:

Received $$33,000$ cash from the issue of common stock.

Earned $$28,000$ of service revenue on account.

Incurred $$11,500$ of operating expenses on account.

Received $$21,500$ cash for performing services.

Paid $$9,500$ cash to purchase land.

Collected $$23,500$ of cash from accounts receivable.

Received a $$6,300$ cash advance for services to be provided in the future.

Purchased $$1,050$ of supplies on account.

Made a $$9,000$ payment on accounts payable.

Paid a $$5,300$ cash dividend to the stockholders.

Recognized $$620$ of supplies expense.

Recognized $$5,150$ of revenue for services provided to the customer in Event $7.$

Post the events to T$-$accounts.

Test the equality of the debit and credit balances of the T$-$accounts by preparing a trial balance.