Jersey Enter prises uses the following general ledger accounts in its accounting system. Listed for each account is its account number and balance as of January 1, 2009.

In early January 2009, Jersey Enterprises engaged in the following transactions:
January2 Paid $30,000 on accounts payable.
January5 Purchased $2,100 of supplies for cash.
January5 Purchased office equipment for $4,700 cash.
January6 Earned and received fees (revenues) from customers of $16,400.
January7 Paid selling expenses of $7,100.
January8 Received $25,000 from customers who owed money at the beginning of the year.
January9 Paid employee salaries of $15,200.
Required:
(a) Why do some of Jersey€™s accounts have zero balances at the beginning of January?
(b) Prepare a journal entry for each of the transactions listed.
(c) Prepare general ledger accounts for Jersey Enterprises as of January 1, 2009. Post the January 2009 journal entries to these accounts.
(d) Prepare a trial balance for Jersey Enterprises as of January 9, 2009.

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Cash Accounts Receivable Supplies Office Equipment Account Number Balance s 80,000 85,000 30,000 325,000 101 103 121 151 Accumulated Depreciation-Office Equipment Accounts Payable Common Stock Retained Earnings Fee Revenue Selling Expense Salary Expense Supplies Expense 152 201 301 350 401 511 511 531 135,000 70,000 90,000 225,000