Digital Consulting Services (DCS) was started by T.J. Smith in September 2023. DCS provides consulting service regarding computer system installations, custom programme development, and other general computer consulting services. The following transactions take place during its first month of operation: Date Business transactions Sep. 1 5 7 9 25 26 30 T.J. Smith, the owner, invested $50,000 cash along with office equipment valued at $15,000 in the company. Paid $10,000 cash for 12 months' rent for office space. Purchased office supplies for $500 on credit. Received $20,000 cash in advance for the project that would be completed in next month. Completed a computer installation job of $1,000 on credit. T.J. Smith Withdrew $500 for personal use. Paid $800 cash for this month's utility bill. Required: 1. Prepare journal entries to record the above transaction, using account titles listed in Requirement 2. below. Explanations/Narratives are NOT required for journal entries. (7.5 marks) 2. Open the following ledger accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Rent; Office Equipment; Accounts Payable; Unearned Service Revenue; Smith, Capital; Smith, Withdrawals; Services Revenue, and Utilities Expense. Post the journal entries from Requirement 1. to the ledger accounts, using the following header for each account: Date [name of Account] Debit Credit Balance 3. Prepare an unadjusted trial balance as of September 30, 2023. (6.5 marks) (2 marks)

Digital Consulting Services (DCS) was started by T.J. Smith in September 2023. DCS provides consulting service regarding computer system installations, custom programme development, and other general computer consulting services. The following transactions take place during its first month of operation: Required: 1. Prepare journal entries to record the above transaction, using account titles listed in Requirement 2. below. Explanations/Narratives are NOT required for journal entries. (7.5 marks) 2. Open the following ledger accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Rent; Office Equipment; Accounts Payable; Uneamed Service Revenue; Smith, Capital; Smith, Withdrawals; Services Revenue, and Utilities Expense. Post the journal entries from Requirement 1. to the ledger accounts, using the following header for each account: (6.5 marks) 3. Prepare an unadjusted trial balance as of September 30,2023. (2 marks)