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

Received $$31,000$ cash from the issue of common stock.

Earned $$26,000$ of service revenue on account.

Incurred $$10,500$ of operating expenses on account.

Received $$20,500$ cash for performing services.

Paid $$8,500$ cash to purchase land.

Collected $$22,500$ of cash from accounts receivable.

Received a $$6,100$ cash advance for services to be provided in the future.

Purchased $$950$ of supplies on account.

Made a $$8,000$ payment on accounts payable.

Paid a $$5,100$ cash dividend to the stockholders.

Recognized $$540$ of supplies expense.

Recognized $$5,050$ of revenue for services provided to the customer in Event $7.$

Required

Record the events in the general journal.

Post the events to T$-$accounts.

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