On September 1, 201X, Brittney Slater opened Brittney?s Art Studio. The following transactions occurred in September:

Your tasks are to do the following:

1. Set up the ledger based on the following chart of accounts using four-column accounts.

2. Journalize (journal is page 1) and post the September journal entries.

3. Prepare a trial balance as of September 30, 201X.

The chart of accounts for Brittney?s Art Studio is as follows:

Transcribed Image Text:

Chart of Accounts Assets Owner's Equity 111 Cash 311 B. Slater, Capital 112 Accounts Receivable 312 B. Slater, Withdrawals 114 Prepaid Rent Revenue 121 Art Supplies 411 Art Fees Earned 131 Equipment Expenses Liabilities 511 Electrical Expense 211 Accounts Payable 521 Salaries Expense 531 Telephone Expense