The following events apply to Davis Dry Cleaners in 2013, its first year of operations:
1. Received $45,000 cash from the issue of common stock.
2. Earned $37,500 of service revenue on account.
3. Incurred $15,000 of operating expenses on account.
4. Received $30,000 cash for performing services.
5. Paid $12,000 cash to purchase land.
6. Collected $33,000 of cash from accounts receivable.
7. Received a $9,000 cash advance for services to be provided in the future.
8. Purchased $1,350 of supplies on account.
9. Made an $11,250 payment on accounts payable.
10. Paid a $7,500 cash dividend to the stockholders.
11. Recognized $750 of supplies expense.
12. Recognized $7,500 of revenue for services provided to the customer in Event 7.
13. Recognized $1,350 of accrued interest revenue.

Required
a. Record the events in the general journal.
b. Post the events to T-accounts and determine the ending account balances.
c. Test the equality of the debit and credit balances of the T-accounts by preparing a trial balance.