The following events apply to Paradise Vacationss first year of operations:

1. Acquired $24,000 cash from the issue of common stock on January 1, Year 1.

2. Purchased $1,000 of supplies on account.

3. Paid $4,680 cash in advance for a one-year lease on office space.

4. Earned $32,350 of revenue on account.

5. Incurred $13,100 of other operating expenses on account.

6. Collected $26,000 cash from accounts receivable.

7. Paid $9,200 cash on accounts payable.

8. Paid a $3,400 cash dividend to the stockholders.

Information for Adjusting Entries

9. There was $190 of supplies on hand at the end of the accounting period.

10. The lease on the office space covered a one-year period beginning November 1.

11. There was $4,000 of accrued salaries at the end of the period.

Required:

Post the transaction data from the journal to ledger T-accounts.

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Post the transaction data from the journal to ledger T-accounts