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

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. Journalize the transactions.

b. Post to the ledger accounts.

c. Prepare a trial balance on May 31, 2015.

(a)

General Journal

J1

Date

Account Titles and Explanation

Ref.

Debit

Credit

May 1

2

3

7

11

12

17

31

31

Cash					No. 101
Date	Explanation	Ref.	Debit	Credit	Balance
Accounts Receivable					No. 112
Date	Explanation	Ref.	Debit	Credit	Balance
Supplies					No. 126
Date	Explanation	Ref.	Debit	Credit	Balance
Accounts Payable					No. 201
Date	Explanation	Ref.	Debit	Credit	Balance
Unearned Service Revenue					No. 209
Date	Explanation	Ref.	Debit	Credit	Balance
Common Stock					No. 311
Date	Explanation	Ref.	Debit	Credit	Balance
Service Revenue					No. 400
Date	Explanation	Ref.	Debit	Credit	Balance
Salaries and Wages Expense					No. 726
Date	Explanation	Ref.	Debit	Credit	Balance
Rent Expense					No. 729
Date	Explanation	Ref.	Debit	Credit	Balance

Julia Dumars, CPA

Trial Balance

May 31, 2015

Debit

Credit

Cash

Accounts Receivable

Supplies

Accounts Payable

Unearned Service Revenue

Common Stock

Service Revenue

Salaries and Wages Expense

Rent Expense

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 $20,000 cash in exchange for common stock.
2	Hired a secretary-receptionist at a salary of $2,000 per month.
3	Purchased $1,500 of supplies on account from Vincent Supply Company.
7	Paid office rent of $900 cash for the month.
11	Completed a tax assignment and billed client $2,800 for services performed.
12	Received $3,500 advance on a management consulting engagement.
17	Received cash of $1,200 for services performed for Orville Co.
31	Paid secretary-receptionist $2,000 salary for the month.
31	Paid 40% 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.