Current Attempt in Progress Marigold is a licensed CPA. During the first month of operations of her business, Marigold Corp, the following events and transactions occurred. May 1 Stockholders invested $22,200 cash in exchange for common stock. 2 Hired a secretary-receptionist at a salary of $1,300 per month. 3 Purchased $1,700 of supplies on account from Vincent Supply Company 7 Paid office rent of $750 cash for the month. 11 12 Received $3,300 advance on a management consulting engagement. Completed a tax assignment and billed client $3,600 for services performed. 17 Received cash of $1,200 for services performed for Orville Co. 31 Paid secretary-receptionist $1,300 salary for the month. 31 Paid 40% of balance due Vincent Supply Company. Julia uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 209 Unearned Service Revenue, No. 311 Common Stock, No. 400 Service Revenue, No. 726 Salaries and Wages Expense, and No 729 Rent Expense. 0.3371 Cash No. 101 Date Explanation Ref. Debit Credit Balance 31 31 31 31 31 31 = Accounts Receivable No. 112 Date Explanation Ref Debit Credit Balance 31 Supplies No. 126 Date Explanation Ref. Debit Credit Balance 31 Question 6 of 6 0.33/1 Accounts Payable No. 201 Date Explanation Ref. Debit Credit Balance 31 31 Unearned Service Revenue No. 209 Date Explanation Ref. Debit Credit Balance 31 Common Stock No. 311 Date Explanation Ref. Debit Credit Balance 31 Service Revenue No. 400 Date Explanation Ref. Debit Credit Balance 31 Salaries and Wages Expense 31 No. 726 Service Revenue Date 31 No. 400 Explanation Ref. Debit Credit Balance 31 31 Salaries and Wages Expense No. 726 Date Explanation Ref. Debit Credit Balance 31 Rent Expense No. 729 Date Explanation Ref. Debit Credit Balance 31 eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit