We will post to the accounts one transaction at a time. Begin by posting the events from the 1st. Sep. 1: Received $43,000 cash and issued common stock to Shaw. (We will post to the accounts one transaction at a time. Post only the transaction from September 1 in this step.) Review the September 1. journal entry that you prepared in Requirement 1. Cash Accounts Payable Service Revenue Accounts Receivable Utilities Payable Salaries Expense Office Supplies Unearned Revenue Rent Expense Prepaid Insurance Common Stock Utilities Expense Sep. 1 4 6 7 10 14 15 17 Received $43,000 cash and issued common stock to Shaw. Purchased office supplies, $800, and furniture, $1,500, on account. Performed services for a law firm and received $1,600 cash. Paid $27,000 cash to acquire land to be used in operations. Performed services for a hotel and received its promise to pay the $1,300 within one week Paid for the furniture purchased on September 4 on account. Paid assistant's semimonthly salary, $1,520. Received cash on account, $1,000. Prepared a design for a school on account, $900. Received $2,500 cash for design services to be performed in October Received $3,000 cash for consulting with Plummer & Gordon. Paid $1,800 cash for a 12-month insurance policy starting on October 1. Paid assistant's semimonthly salary, $1,520. Paid monthly rent expense, $650. Received a bill for utilities, $250. The bill will be paid next month. Paid cash dividends of $3,100. 20 P. 25 29 30 30 30 30 Accounts Credit Date Sep. 1 Debit 43,000 Cash Common Stock 43,000 Accounts Debit Credit Date Sep. 4 Office Supplies Furniture Accounts Payable 800 1,500 2,300 Date Accounts Credit Debit 1,600 Sep. 6 Cash Service Revenue 1,600 Accounts Credit Date Sep. 7 Debit 27,000 Land Cash 27,000 Date Accounts Debit Credit Sep. 10 1,300 Accounts Receivable Service Revenue 1,300 Date Accounts Credit Debit 1,500 Sep. 14 Accounts Payable Cash 1,500 Date Accounts Credit Debit 1,520 Sep. 15 Salaries Expense Cash 1,520 Date Accounts Debit Credit Sep. 17 1,000 Cash Accounts Receivable 1,000 Date Accounts Debit Credit Sep. 20 900 Accounts Receivable Service Revenue 900 Date Accounts Credit Debit 2,500 Sep. 25 Cash Unearned Revenue 2,500 Date Accounts Credit Debit 3,000 Sep. 28 Cash Service Revenue 3,000 Date Accounts Credit Debit 1,800 Sep. 29 Prepaid Insurance Cash 1,800 Date Accounts Credit Debit 1,520 Sep. 30 Salaries Expense Cash 1,520 Date Accounts Credit Debit 650 Sep. 30 Rent Expense Cash 650 Date Accounts Credit Debit 250 Sep. 30 Utilities Expense Utilities Payable 250 Date Accounts Credit Debit 3,100 Sep. 30 Dividends Cash 3,100 We will post to the accounts one transaction at a time. Begin by posting the events from the 1st. Sep. 1: Received $43,000 cash and issued common stock to Shaw. (We will post to the accounts one transaction at a time. Post only the transaction from September 1 in this step.) Review the September 1. journal entry that you prepared in Requirement 1. Cash Accounts Payable Service Revenue Accounts Receivable Utilities Payable Salaries Expense Office Supplies Unearned Revenue Rent Expense Prepaid Insurance Common Stock Utilities Expense Sep. 1 4 6 7 10 14 15 17 Received $43,000 cash and issued common stock to Shaw. Purchased office supplies, $800, and furniture, $1,500, on account. Performed services for a law firm and received $1,600 cash. Paid $27,000 cash to acquire land to be used in operations. Performed services for a hotel and received its promise to pay the $1,300 within one week Paid for the furniture purchased on September 4 on account. Paid assistant's semimonthly salary, $1,520. Received cash on account, $1,000. Prepared a design for a school on account, $900. Received $2,500 cash for design services to be performed in October Received $3,000 cash for consulting with Plummer & Gordon. Paid $1,800 cash for a 12-month insurance policy starting on October 1. Paid assistant's semimonthly salary, $1,520. Paid monthly rent expense, $650. Received a bill for utilities, $250. The bill will be paid next month. Paid cash dividends of $3,100. 20 P. 25 29 30 30 30 30 Accounts Credit Date Sep. 1 Debit 43,000 Cash Common Stock 43,000 Accounts Debit Credit Date Sep. 4 Office Supplies Furniture Accounts Payable 800 1,500 2,300 Date Accounts Credit Debit 1,600 Sep. 6 Cash Service Revenue 1,600 Accounts Credit Date Sep. 7 Debit 27,000 Land Cash 27,000 Date Accounts Debit Credit Sep. 10 1,300 Accounts Receivable Service Revenue 1,300 Date Accounts Credit Debit 1,500 Sep. 14 Accounts Payable Cash 1,500 Date Accounts Credit Debit 1,520 Sep. 15 Salaries Expense Cash 1,520 Date Accounts Debit Credit Sep. 17 1,000 Cash Accounts Receivable 1,000 Date Accounts Debit Credit Sep. 20 900 Accounts Receivable Service Revenue 900 Date Accounts Credit Debit 2,500 Sep. 25 Cash Unearned Revenue 2,500 Date Accounts Credit Debit 3,000 Sep. 28 Cash Service Revenue 3,000 Date Accounts Credit Debit 1,800 Sep. 29 Prepaid Insurance Cash 1,800 Date Accounts Credit Debit 1,520 Sep. 30 Salaries Expense Cash 1,520 Date Accounts Credit Debit 650 Sep. 30 Rent Expense Cash 650 Date Accounts Credit Debit 250 Sep. 30 Utilities Expense Utilities Payable 250 Date Accounts Credit Debit 3,100 Sep. 30 Dividends Cash 3,100