Part B $(50$ points$)$

Record the entries in the general journal.

Post the entries from the general journal to the general ledger.

Prepare a Trial Balance.

Use the following business transactions. Identify each transaction by number, no date

required.

Use the forms provided to record, post and prepare the trial balance.

The owner, Athena Lu$,$ invests $$35,000$ in cash to start her real estate office operating

as a sole proprietorship.

Purchased $$400$ of office supplies on credit.

Purchased office equipment for $$8,000,$ paying $$2,000$ cash and signed a $30-$day

$$6,000$ note payable.

Real estate commissions billed to clients amount to $$4,000.$

Paid $$700$ cash for the current month's rent.

Paid $$200$ cash on account for office supplies purchased in transaction $2$

Received a bill for $$600$ for advertising for the current month.

Paid $$2,200$ cash for office salaries.

Lu withdrew $$1,200$ from business for living expenses.

Received a check for $$3,000$ from a client in payment on account for commissions

billed in transaction $4$ Part B $2$

Cash

No$.11$

Accounts Receivable

No$.12$

Office Supplies

No$.14$

Equipment

No$.18$

Accounts Payable

No$.21\backslash$table$[[$Fees Earned,No$.41],[$Date$,$Explanation,Ref.,Debit,Credit,Balance$],[$Debit$,$Credit$],[$Rent Expense,No$.51],[$Date$,,,,,$Balance$],[$Explanation$,$Ref.,Debit,Credit,Debit,Credit$],[$Advertising Expense,No$.52],[$Date$,,,,,$Balance$],[$Explanation$,$Ref.,Debit,Credit,Debit,Credit$],[$Salaries and Wages Expense,No$.53],[$Date$,,,,,$Balance$],[$Explanation$,$Ref.,Debit,Credit,Debit,Credit$]]$Part B $3$

Trial Balance

$\backslash$table$[[$Account titles,Debit,Credit$],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,]]$

Totals