Using the chart of accounts, open ledger accounts in "T" account format and post journals to the ledger accounts.

The following transactions occurred for Scrooge Inc. for the month ended December 31,1820 , its first month of operation:

A. Ebenezer Scrooge invested $50,000 cash in the company in exchange for common stock.

B. The company prepaid $480 for 12 month's rent.

C. The company purchased $100 in office supplies. Payment due withing 10 days

D. Scrooge Inc. completed services for a client and immediately received $2,000.

E. The company completed $1,500 project for a client. The client was billed, and the invoice must be paid within 30 days.

F. The company paid the $100 cash to settle the office supplies A/P(C). G. The company received $750 in cash as partial payment for the work completed earlier (E).

H. The company paid a $50 cash dividend.

I. The company paid its coal heating bill for $10 in cash.

Chart of Accounts

101 Cash

102 A/R

103 Supplies

104 Prepaid Rent

105 Accumulated Depreciation - Building

201 A/P

202 Unearned Revenue

301 Common Stock

302 Dividends

400 Revenue

600 Heating Expense

601 Depreciation Expense - Building

602 Rent Expense

603 Supplies Expense