P$2-46$B $3(4)5$ Analyzing and journalizing transactions, posting, and preparing a trial balance $[45-60$ min$]$

Vince Rockford practices medicine under the business title Vince Rockford, M$.$D$.$ During March, the medical practice completed the following transactions:

The business uses the following accounts: Cash; Accounts receivable; Supplies; Land; Accounts payable; Notes payable; Rockford, capital; Rockford, drawing; Service revenue; Salary expense; Rent expense; and Utilities expense.

Requirements

Journalize each transaction, as shown for March $1.$ Explanations are not required.

$\backslash$table$[[$Mar $1,$Cash,$74,000,],[$Rockford$,$ capital,$74,000,,]]$

Post the transactions to the T$-$accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal, as shown in the chapter.

Prepare the trial balance of Vince Rockford, M$.$D$.,$ at March $31,2012.$