Herman and Sons€™ Law Offices opened on January 1, 2015. During the first year of business, the company had the following transactions:
€¢ January 2: The owners invested $ 250,000 (the par value of the stock) into the business and acquired 25,000 shares of common stock in return.
€¢ January 15: Herman and Sons€™ bought an office building in the amount of $ 80,000. The company took out a long- term note from the bank to finance the purchase.
€¢ February 12: Herman and Sons€™ billed clients for $ 60,000 of services performed.
€¢ March 1: Herman and Sons€™ took out a two- year insurance policy, which it paid cash for in the amount of $ 22,000.
€¢ March 10: Herman collected $ 20,000 from clients toward the outstanding accounts receivable balance.
€¢ May 13: Herman received cash payments totaling $ 210,000 for legal services€”$ 40,000 was for services previously billed to customers on February 12 and the remainder was for services provided in May not yet recorded.
€¢ June 10: Herman purchased office supplies in the amount of $ 35,000, all on credit.
€¢ July 15: Herman paid wages of $ 16,000 in cash to office staff workers.
€¢ August 8: Herman paid off the $ 35,000 balance owed to a supplier for the purchase made on June 10.
€¢ September 3: Herman and Sons€™ purchased $ 25,000 of office supplies in cash.
€¢ September 20: The Company paid $ 11,000 cash for utilities.
€¢ October 1: Herman and Sons€™ paid wages in the amount of $ 24,000 to office workers.
€¢ December 1: Herman and Sons€™ received cash payments from clients in the amount of $ 320,000 for ser-vices to be performed in the upcoming months.
€¢ December 31: Herman declared and paid a $ 10,000 dividend.
The chart of accounts used by Herman and Sons€™ Law Offices is as follows:

Required
a. Journalize the transactions for the year.
b. Post the journal entries to the general ledger.
c. Prepare an unadjusted trial balance as of December 31.

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Chart of Accounts Group Account # Account Title 100: Assets 101 102 103 104 110 112 Cash Accounts Recaivable Office Supplies Prepaid Insurance Building Accumulated Depreciation-Building Chart of Accounts Group Account # Account Title 200: Liabilities 201 202 203 210 220 Accounts Payable Uneaned Service Revenue Wages Payable Interest Payable Notes Payable 300: Stockholders' Equity 301 310 320 Common Stock Retained Earnings Dividends 400: Revenues 401 Service Revenue 500: Expenses 501 502 503 504 505 506 510 520 Wage Expense Utilities Expense Selling Expense Administrative Expense Insurance Expense Supplies Expense Depreciation Expense -Building Interest Expense 600: Other 601 Income Summary