Alyson Clark is a licensed incorporated CPA. During the first month of operations of the business, the following events and transactions occurred:

Sept.

1...Invested $40,000 cash in exchange for common stock

2...Hired a secretary-receptionist at a salary of $2,480 per month

3...Purchased $1,500 of supplies on account from Ross Supply Company

7...Paid office rent of $1,500 for the month.

11...Completed a tax assignment and billed client $1,900 for services rendered.

12... Received $7,000 advance on a management consulting engagement

17... Received cash of $2,350 for services completed for Mutter Company.

31...Paid secretary-receptionist $2,480 salary for the month

31...Paid 40% of balance due Ross Supply Company

The company uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 205 Unearned Revenue, No. 311 Common Stock, No. 400 Service Revenue, No. 726 Salaries Expense, and No. 729 Rent Expense.

(a) Journalize the transactions.

(b) Post to the ledger accounts.

(c) Prepare a trial balance on September 30, 2008.