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

1. Received $37,000 cash from the issue of common stock.

2. Earned $32,000 of service revenue on account.

3. Incurred $13,500 of operating expenses on account.

4. Received $23,500 cash for performing services.

5. Paid $11,500 cash to purchase land.

6. Collected $25,500 of cash from accounts receivable.

7. Received a $6,700 cash advance for services to be provided in the future.

8. Purchased $1,250 of supplies on account.

9. Made a $11,000 payment on accounts payable.

10. Paid a $5,700 cash dividend to the stockholders.

11. Recognized $780 of supplies expense.

12. Recognized $5,350 of revenue for services provided to the customer in Event 7.

Required

a. Record the events in the general journal.

b. Post the events to T-accounts.

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

The following events apply to Complete Business Service in Year 1 , its first year of operations: 1. Received $37,000 cash from the issue of common stock. 2. Earned $32,000 of service revenue on account. 3. Incurred $13,500 of operating expenses on account. 4. Received $23,500 cash for performing services. 5. Paid $11,500 cash to purchase land. 6. Collected $25,500 of cash from accounts receivable. 7. Received a $6,700 cash advance for services to be provided in the future. 8. Purchased $1,250 of supplies on account. 9. Made a $11,000 payment on accounts payable. 10. Paid a $5,700 cash dividend to the stockholders. 11. Recognized $780 of supplies expense. 12. Recognized $5,350 of revenue for services provided to the customer in Event 7. Required a. Record the events in the general journal. b. Post the events to T-accounts. c. Test the equality of the debit and credit balances of the T-accounts by preparing a trial balance. Complete this question by entering your answers in the tabs below. Record the events in the general journal. (If no entry is required for a event, Journal entry worksheet Note: Enter debits betore credits. Complete this question by entering your answers in the tabs below. Post the events to T-accounts. Complete this question by entering your answers in the tabs below. Test the equality of the debit and credit balances of the T-accounts by preparing a trial balance