Julia Dumars is a licensed CPA. During the first month of operations of her business, Julia Dumars, Inc., the following events and transactions occurred.

May 1		Stockholders invested $20,800 cash in exchange for common stock.
2		Hired a secretary-receptionist at a salary of $2,900 per month.
3		Purchased $2,610 of supplies on account from Vincent Supply Company.
7		Paid office rent of $770 cash for the month.
11		Completed a tax assignment and billed client $3,400 for services performed.
12		Received $3,930 advance on a management consulting engagement.
17		Received cash of $1,340 for services performed for Orville Co.
31		Paid secretary-receptionist $2,900 salary for the month.
31		Paid 41% 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.

PLEASE CORRECT THE RED

Journalize the transactions. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

PLEASE CORRECT THE RED

Post to the ledger accounts. (Post the entries into ledger in the order displayed in Part 1.)

Date Aocount Titles and Explanation Ref. Debit May 1 Cash 20800 Common Stock (Issued shares of stock for cash) May No Entry L T May 3 Supplies 2610 Accounts Payable (Purchased supplies on account) May 7 ent Expense 770 b Cash (Paid office rent) 3400 May 11 Accounts Receivable Service Revenue (Billed client for services provided) May 1 3930 Cash Unearned Service Reve (Received cash for future services) May 1 1340 Cash Service Revenue (Received cash for services provided) May 3 Salaries and Wages Expen 2900 Cash (Paid salaries) t May 31 TAccounts payable Credit 20800 2610 770 3930 1340 2000