The trial balance of John Hilton, CPA, is dated January 31, 2007:

Requirements 

1. Record the February transactions on page 3 of the journal. Include an explanation for each entry.

2. Post the transactions to four-column accounts in the ledger, using dates, account numbers, journal references, and posting references. Open the ledger accounts listed in the trial balance, together with their balances at January 31. Enter Bal. (for January 31 balance) in the Item column, and place a check mark ( \(\boldsymbol{\sim}\) ) in the journal reference column for the January 31 balance in each account.

3. Prepare the trial balance of John Hilton, CPA, at February 28, 2007.

Transcribed Image Text:

JOHN HILTON, CPA Account Number Account Title Cash Trial Balance January 31, 2007 11 12 Accounts receivable 13 Supplies 14 Land 21 Accounts payable 31 32 41 John Hilton, capital John Hilton, withdrawals Service revenue 51 Salary expense 52 Rent expense Total Balance Debit $ 2,000 9,500 800 Credit 18,600 $ 3,000 27,900 $30,900 $30,900