P$2\mathrm{.}2(LO{2}_{,}{3}_{,}4,$ AP 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.

Instructions

a$.$ Journalize the transactions.

b$.$ Post to the ledger accounts.

c$.$ Prepare a trial balance on May $31,2027.$

c$.$ Trial balance totals $$28,400$

Journalize transactions, post, and prepare a trial balance.