Julia Dumars is a licensed CPA. During the first month of operations of her business, Concord Corporation, the following ev transactions occurred. May 1 2 Stockholders invested $20,900 cash in exchange for common stock. Hired a secretary-receptionist at a salary of $1,800 per month. 3 7 11 Purchased $1,600 of supplies on account from Vincent Supply Company. Paid office rent of $730 cash for the month. Completed a tax assignment and billed client $1,800 for services performed. Received $2,800 advance on a management consulting engagement. 12 17 Received cash of $1,700 for services performed for Orville Co. 31 Paid secretary-receptionist $1,800 salary for the month. 31 Paid 50% 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 P No. 209 Unearned Service Revenue, No. 311 Common Stock, No. 400 Service Revenue, No. 726 Salaries and Wages Expense 729 Rent Expense. Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) Cash Date May 1 Explanation Ref. Debit May 7 May 12 > May 17 v May 31 J1 FE 31 12 31 J1 12 31 14 31 2 Credit No. 101 Balance No. 112 Explanation Ref Debit Credit Balance 31 May 31 v Accounts Receivable Date May 1 Supplies No. 126 Question 1 of 2 < Accounts Receivable 3.33/10 No. 112 Date Explanation Ref Debit Credit Balance May 1 31 Supplies No. 126 Date Explanation Ref. Debit Credit Balance 31 Accounts Payable No. 201 Date Explanation Ref. Debit Credit Balance 31 Unearned Service Revenue Date 31 No. 209 Explanation Ref. Debit Credit Balance 31 Common Stock Date Explanation Ref. Debit Credit 31 20.900 Mar 1 Service Revenue Balance No. 311 No. 400 Date Explanation Ref. Debit Credit May 1 31 Service Revenue Date 20,900 Balance 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 May 7 31 eTextbook and Media