The McMillan Corporation incorporated on September 2, 2019. The company engaged in the following transactions during its first month of operations: PART C

following transactions during its tirst month of operations: Sept 2 -Issued capital stock in exchange for $900,000 cash, Sept 4 Purchased land and a building for $350,000. The value of the land was $50.000. and ihe value of the building was $300,000. The company paid $200,000 cash and issued a Doie payable for the balance. Sept 12 Purchaod office supplied for $600 on eccount. The supplies will lest for several months. Sept. 19 Billed clients \$7.5,000 on ecount. Seph 29) Recorded and paid zalary expense of $24,000. Sept, 30 Received $30,000 from client billed on Septimber 19. A partial list of the account titles used by the company includes: Cesh Nores Payable Acconnta Receivable Account Rayble Orfice Supplien Capital Stock Land Clienc Revenue Building Salary Expence a. Prepare joumal entries, including explanntions, for the above transactions. b. Post each entry to the appropriate ledger accounts (use the T account format illustrated in Exhibit 38 on page 110). c. Prepare a tricl balence dated Seplamber 30, 2009. Arsume accounts with zaro balances are not included in the trial balance