Bill Rosenberg recently opened his legal practice. During the first month of operations of his business (a sole proprietorship), the following events and transactions occurred:

Instructions
Prepare a correct trial balance.

2 Invested $15,000 cash along with equipment valued at $10,000 in the business. 2 Hired a secretary-receptionist at a salary of $480 per week payable monthly Purchased $1,200 of supplies on account. (Debit an asset account.) Paid office rent of $750 for the month. April 3 7 11 Completed the preparation of a will and billed the client $1,500 for services rendered 12 17 21 30 30 30 (Use the Service Revenue account.) Received a $4,200 retainer for future services. Received cash of $2,900 for services completed for Botticelli Limited. Paid insurance expense of $180. Paid the secretary-receptionist $1,920 for the month. A count of supplies indicated that $220 of supplies had been consumed. Purchased a new computer for $4,100 paid for with personal funds. (The computer will be used only for business purposes.)