Question: Judy Bennett started her practice as a design consultant on September 1, 2024. During the first month of operations, the business completed the following transactions
Judy Bennett started her practice as a design consultant on September 1, 2024. During the first month of operations, the business completed the following transactions (Click the icon to view the transactions.) Read the requirements Sep. 7: Paid $20,000 cash to acquire land to be used in c Beview the September 7. joumal entry that you prepared Cash Sep. 1 Sep. 6 43,000 1,300 Sep. 4 Accounts Receivable Office Supplies 1,400 September 7 journal entry Date Sep. 7 Land Cash Accounts Debit Credit 20.000 20,000 Print Done Prepaid Insurance Common Stock Utilities Expense 43,000 Sep. 1 Judy Bennett started her practice as a design consultant on September 1, 2024. During the first month of operations, the business completed the following transactions (Click the icon to view the transactions.) Read the requirements. Cash Sep. 1 Sep. 6 43,000 1,300 Accounts Payable Service Revenue 3,500 Sep. 4 1,300 Sep. 6 Accounts Receivable Utilities Payable Salaries Expense Sep. 4 Office Supplies 1,400 Unearned Revenue. Rent Expense Prepaid Insurance Common Stock Utilities Expense 43,000 Sep. 1 Land Dividends Judy Bennett started her practice as a design consultant on September 1, 2024. During the first month of operations, the business completed the following transactions (Click the icon to view the transactions.) Read the requirements Accounts Receivable Utilities Payable Salaries Expense Sep. 4 Office Supplies 1,400 Unearned Revenue Rent Expense Prepaid Insurance Common Stock Utilities Expense 43,000 Sep. 1 Land Dividends Furniture Sep. 4 2,100 vable Utilitie Requirements X s ce Unearn Comm 1. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Land; Furniture; Accounts Payable; Utilities Payable: Unearned Revenue; Common Stock; Dividends; Service Revenue; Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required. 2. T-accounts have been opened for each of the accounts. Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal. 3. Prepare the trial balance of Judy Bennett, Designer, as of September 30, 2024. Div Print Done
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