The following transactions occurred in September 201X for A. Freeman?s Placement Agency:

The chart of accounts for A. Freeman Placement Agency is as follows:

Your tasks are to do the following:

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

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

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

Transcribed Image Text:

Chart of Accounts Assets Owner's Equity 111 Cash 311 A. Freeman, Capital 112 Accounts Receivable 312 A. Freeman, Withdrawals 131 Supplies Revenue 141 Equipment 411 Placement Fees Earned Liabilities Expenses 211 Accounts Payable 511 Wage Expense 521 Telephone Expense 531 Advertising Expense