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 $21,700cash in exchange for common stock.
2	Hired a secretary-receptionist at a salary of $1,100per month.
3	Purchased $2,300of supplies on account from Vincent Supply Company.
7	Paid office rent of $900cash for the month.
11	Completed a tax assignment and billed client $2,500for services performed.
12	Received $3,200advance on a management consulting engagement.
17	Received cash of $1,800for services performed for Orville Co.
31	Paid secretary-receptionist $1,100salary for the month.
31	Paid50% 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.

(a)

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Journalize the transactions.(Credit account titles are automatically indented when the amount is entered.Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
May 1May 2May 3May 7May 11May 12May 17May 31
May 1May 2May 3May 7May 11May 12May 17May 31
May 1May 2May 3May 7May 11May 12May 17May 31
May 1May 2May 3May 7May 11May 12May 17May 31
May 1May 2May 3May 7May 11May 12May 17May 31
May 1May 2May 3May 7May 11May 12May 17May 31
May 1May 2May 3May 7May 11May 12May 17May 31
May 1May 2May 3May 7May 11May 12May 17May 31
(Paid salaries)
May 1May 2May 3May 7May 11May 12May 17May 31
(Paid creditor on account)

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Attempts: 1 of 3 used

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(b) Post to the ledger accounts.(Post entries in the order of journal entries presented in the previous part.)

Cash	No. 101
Date	Explanation	Ref.	Debit	Credit	Balance
May 1May 3May 7May 11May 12May 17May 31		J1
May 1May 3May 7May 11May 12May 17May 31		J1
May 1May 3May 7May 11May 12May 17May 31		J1
May 1May 3May 7May 11May 12May 17May 31		J1
May 1May 3May 7May 11May 12May 17May 31		J1
May 1May 3May 7May 11May 12May 17May 31		J1
Accounts Receivable	No. 112
Date	Explanation	Ref	Debit	Credit	Balance
May 1May 3May 7May 11May 12May 17May 31		J1
Supplies	No. 126
Date	Explanation	Ref.	Debit	Credit	Balance
May 1May 3May 7May 11May 12May 17May 31		J1
Accounts Payable	No. 201
Date	Explanation	Ref.	Debit	Credit	Balance
May 1May 3May 7May 11May 12May 17May 31		J1
May 1May 3May 7May 11May 12May 17May 31		J1
Unearned Service Revenue	No. 209
Date	Explanation	Ref.	Debit	Credit	Balance
May 1May 3May 7May 11May 12May 17May 31		J1
Common Stock	No. 311
Date	Explanation	Ref.	Debit	Credit	Balance
May 1May 3May 7May 11May 12May 17May 31		J1
Service Revenue	No. 400
Date	Explanation	Ref.	Debit	Credit	Balance
May 1May 3May 7May 11May 12May 17May 31		J1
May 1May 3May 7May 11May 12May 17May 31		J1
Salaries and Wages Expense	No. 726
Date	Explanation	Ref.	Debit	Credit	Balance
May 1May 3May 7May 11May 12May 17May 31		J1
Rent Expense	No. 729
Date	Explanation	Ref.	Debit	Credit	Balance
May 1May 3May 7May 11May 12May 17May 31		J1

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Attempts: 0 of 3 used

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(c) Prepare a trial balance on May 31, 2017.

JULIA DUMARS, INC. Trial Balance For the Quarter Ended May 31, 2017May 31, 2017For the Year Ended May 31, 2017
Debit	Credit
	$	$
Totals	$	$

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