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The following events apply to Complete Business Service in Year 1, its first year of operations: 1. Recelved $43,000 cash from the issue of common
The following events apply to Complete Business Service in Year 1, its first year of operations: 1. Recelved $43,000 cash from the issue of common stock. 2. Earned $38,000 of service revenue on account. 3. Incurred $16,500 of operating expenses on account. 4. Recelved $26,500 cash for performing services. 5. Pald $14,500 cash to purchase land. 6. Collected $28,500 of cash from accounts recelvable. 7. Recelved a $7,300 cash advance for services to be provided in the future. 8. Purchased $1,550 of supplies on account. 9. Made a $14,000 payment on accounts payable. 10. Paid a $6,300cash dividehd to the stockholders. 11. Recognized $1,020 of supplies expense. 12. Recognized $5,650 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 joumal. (If no entry is required for a event, select "No Journal entry requ Journal entry worksheet Record the events in the general journal. (If no entry is required for a event, select "No journal e Journal entry worksheet Received $43,000 cash from the issue of common stock. Note: Enter debits before credits. 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 ba 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
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