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Transactions, posting journal entries to T-accounts, and preparing a trial balance. Deb Sikes her practice as a design consultant on November 1, 2017. During the

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Transactions, posting journal entries to T-accounts, and preparing a trial balance. Deb Sikes her practice as a design consultant on November 1, 2017. During the first month of the business completed the following transactions: Received $39,000 cash and gave capital to skies office supplies $900, and $1, 800 on account services for a few and received $2,000 cash Paid $ 24,000 cash to acquire land to be used in operations Performed services for a total and received its promise to pay the $1, 200 within one week Paid for the function purchased on November 4 on account Paid assistants salary $1, 410 Received cash on account, $ 1,000. Prepared a design for a school on account $900 Received $2, 100 cash for design services to be performed in December Received $2, 600 cash for consulting with Gordon Paid $1, 080 for a 12-month insurance policy starting on December 1 Paid assistants semimonthly salary $1, 410. Paid monthly rent expense, $800 Received a bill for utilities, $600, The bill will be paid next month Sikes withdraw cash of $4,000 Record each transaction in the journal using the following account Cash: Accounts Receivable: Office supplies Prepaid Insurance; Furniture; Land; Accounts payable; Utilities Payable: Unearned Revenue: Sikes, Capital: Sikes, Withdrawals Service Revenue: Salaries Expenses Rent Expense: Utilities Expense. Explanations are not required. Open a T-account for each of the accounts. Post the to the using dates as Posting references in the ledger accounts. Label the balance of each account Bal. Prepare the trial balance of Deb Sikes, Designer, as of November 30, 2017

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