Appendix $1-3$ Recording events in the general journal, posting to T$-$accounts, and preparing a trial balance

The following events apply to Complete Business Service in $2014,$ its first year of operations.

Received $$30,000$ cash from the issue of common stock.

Earned $$25,000$ of service revenue on account.

Incurred $$10,000$ of operating expenses on account.

Received $$20,000$ cash for performing services.

Paid $$8,000$ cash to purchase land.

Collected $$22,000$ of cash from accounts receivable.

Received a $$6,000$ cash advance for services to be provided in the future.

Purchased $$900$ of supplies on account.

Made a $$7,500$ payment on accounts payable.

Paid a $$5,000$ cash dividend to the stockholders.

Recognized $$500$ of supplies expense.

Recognized $$5,000$ of revenue for services provided to the customer in Event $7.$

nequired

Record the events in the general journal.

b$.$ post the events to $T-$accounts and determine the ending account balances.

Test the equality of the debit and credit balances of the T$-$accounts by preparing a trial bal$-$