Draper Consulting completed the following transactions during the first half of December, 2012:
Dec 2 Received $18,000 cash and gave capital to Draper.
2 Paid monthly office rent, $550.
3 Paid cash for a Dell computer, $1,800. This equipment is expected to remain in service for five years.
4 Purchased office furniture on account, $4,200. The furniture should last for five years.
5 Purchased supplies on account, $900.
9 Performed consulting service for a client on account, $1,500.
12 Paid utility expenses, $250.
18 Performed service for a client and received cash of $1,100.

Requirements
1. Open T-accounts: Cash; Accounts receivable; Supplies; Equipment; Furniture; Accounts payable; Draper, capital; Draper, drawing; Service revenue; Rent expense; and Utilities expense.
2. Journalize the transactions. Explanations are not required.
3. Post to the T-accounts. Key all items by date, and denote an account balance as Bal. Formal posting references are not required.
4. Prepare a trial balance at December 18. In the Continuing Problem of Chapter 3, we will add transactions for the remainder of December and prepare a trial balance at December 31.