Trevor Moore opened a law office on April 1, 2017. During the first month of operations, the business completed the following transactions:

Apr. 1 Moore contributed $76,000 cash to the business, Trevor Moore, Attorney.

The business issued common stock to Moore.

3 Purchased office supplies, $400, and furniture, $2,200, on account.

4 Performed legal services for a client and received $900 cash.

7 Purchased a building with a market value of $120,000, and land with a market value of $29,000. The business paid $45,000 cash and signed a note payable to the bank for the remaining amount.

11 Prepared legal documents for a client on account, $800.

15 Paid assistant's semimonthly salary, $1,230.

16 Paid for the office supplies purchased on April 3 on account.

18 Received $2,800 cash for helping a client sell real estate.

19 Defended a client in court and billed the client for $1,500.

25 Received a bill for utilities, $650. The bill will be paid next month.

28 Received cash on account, $1,700.

29 Paid $4,800 cash for a 12-month insurance policy starting on May 1.

29 Paid assistant's semimonthly salary, $1,230.

30 Paid monthly rent expense, $1,100.

30 Paid cash dividends of $2,000.

Requirements

1. Record each transaction in the journal, using the following account titles: Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Furniture; Building; Land; Accounts Payable; Utilities Payable; Notes Payable; Common Stock; Dividends; Service Revenue; Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required.

2. Open the following four-column accounts including account numbers: Cash, 101; Accounts Receivable, 111; Office Supplies, 121; Prepaid Insurance, 131; Furniture, 141; Building, 151; Land, 161; Accounts Payable, 201; Utilities Payable, 211; Notes Payable, 221; Common Stock, 301; Dividends, 311; Service Revenue, 411; Salaries Expense, 511; Rent Expense, 521; and Utilities Expense, 531.

3. Post the journal entries to four-column accounts in the ledger, using dates, account numbers, journal references, and posting references. Assume the journal entries were recorded on page 1 of the journal.

4. Prepare the trial balance of Trevor Moore, Attorney, at April 30, 2017.