The following four-column accounts have been opened for you and utilize the following account numbers: Cash, 110; Accounts Receivable, 120; Office Supplies, 130; Prepaid Advertising, 140; Land, 150; Building, 160; Accounts Payable, 210; Unearned Revenue, 220; Common Stock, 310; Service Revenue, 410; Rent Expense, 510; and Salaries Expense, 520. Post the journal entries to the four-column accounts and determine the balance in the account after each transaction. Assume that the journal entries were recorded on page 10 of the journal. Make sure to complete the Post. Ref. columns in the journal and ledger. May 1 The business received cash of $105,000 and issued common stock to Zoe Wilke. 2 Purchased office supplies on account, $550. 4 Paid $57,000 cash for building and land. The building had a fair market value of $45,000. 6 Performed services for customers and received cash, $3,600. 9 Paid $350 on accounts payable. 17 Performed services for customers on account, $3,500. 19 Paid rent expense for the month, $1,200. 20 Received $1,500 from customers for services to be performed next month. 21 Paid $900 for advertising in next month's IT Technology magazine. 23 Received $3,100 cash on account from a customer. 31 Incurred and paid salaries, $1,700. Date Accounts and Explanation Debit Credit May 1 Cash 105,000 Common Stock 105,000 May 2 550 Issued common stock in exchange for cash. Office Supplies Accounts Payable Purchased office supplies on account. Building 550 May 4 45,000 12,000 Land Cash 57,000 Paid cash for building and land. May 6 Cash 3,600 Service Revenue 3,600 Performed services and received cash. May 9 Accounts Payable 350 Cash 350 Paid cash on account. May 17 Accounts Receivable 3,500 Service Revenue 3,500 Performed services on account. May 19 Rent Expense 1,200 Cash 1,200 Paid cash expenses. May 20 Cash 1,500 Unearned Revenue 1,500 Collected cash for future services. May 21 Prepaid Advertising 900 Cash 900 Paid advertising in advance. May 23 Cash 3,100 Accounts Receivable 3,100 Received cash on account. May 31 Salaries Expense 1,700 Cash 1,700 Paid cash expenses. May 4: Paid $57,000 cash for building and land. The building was valued at $45,000. CASH Account No. 110 Balance Date Item Post. Ref. Debit Credit Debit Credit May 1 J10 105,000 105,000 48,000 May 4 J10 57,000