1. Total Debits $58,300 Ann Simpson started her practice as a design consultant on September 1, 2018. During the first month of operat completed the following transactions 2018. During the firs t month of operations, the business Sep. 1 Received $48,000 cash and gave capital to Simpson Purchased office supplies, $1,200, and furniture, $1,300, on account. Performed services for a law firm and received $1,900 cash. 4 6 7 Paid $18,000 cash to acquire land to be used in operations. 10 Performed services for a hotel and received its promise to pay the $1,200 within one week 14 Paid for the furniture purchased on September 4 on account 15 Paid assistant's semimonthly salary, $1,500 17 Received cash on account, $1,000 20 Prepared a design for a school on account, $650 25 Received $2,100 cash for design services to be performed in October. 28 Received $2,900 cash for consulting with Plummer & Gordon. 29 Paid $600 cash for a 12-month insurance policy starting on October 1 30 Paid assistant's semimonthly salary, $1,500. 30 Paid monthly rent expense, $600. 30 Received a bill for utilities, $350. The bill will be paid next month. 30 Simpson withdrew cash of $3,70o. Requirements 1. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable; Office Supplies Prepaid Insurance; Land Furniture; Accounts Payable; Utlities Payable; Unearned Revenue: Simpson, Capital, Simpson, Withdrawals, Service Revenue; Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required. 2. Open a T-account for each of the accounts. 3. Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger ac balance of each account Bal 4. Prepare the trial balance of Ann Simpson, Designer, as of September 30, 2018