Problem 2-6A Recording transactions; posting to ledger; preparing a trial balance LO C3, A1, P1, P2

Business transactions completed by Hannah Venedict during the month of September are as follows.

a.	Venedict invested $84,000 cash along with office equipment valued at $23,000 in a new sole proprietorship named HV Consulting.
b.	The company purchased land valued at $35,000 and a building valued at $165,000. The purchase is paid with $30,000 cash and a long-term note payable for $170,000.
c.	The company purchased $2,500 of office supplies on credit.
d.	Venedict invested her personal automobile in the company. The automobile has a value of $16,600 and is to be used exclusively in the business.
e.	The company purchased $5,600 of additional office equipment on credit.
f.	The company paid $1,900 cash salary to an assistant.
g.	The company provided services to a client and collected $7,400 cash.
h.	The company paid $635 cash for this month's utilities.
i.	The company paid $2,500 cash to settle the account payable created in transaction c.
j.	The company purchased $20,200 of new office equipment by paying $20,200 cash.
k.	The company completed $6,000 of services for a client, who must pay within 30 days.
l.	The company paid $1,900 cash salary to an assistant.
m.	The company received $4,000 cash in partial payment on the receivable created in transaction k.
n.	Venedict withdrew $2,900 cash from the company for personal use.

Required:
1.	Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Office Supplies (108); Office Equipment (163); Automobiles (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); H. Venedict, Capital (301); H. Venedict, Withdrawals (302); Fees Earned (402); Salaries Expense (601); and Utilities Expense (602).

2.	Open the following ledger accounts for the account titles referred in part 1 and post the journal entries from part 1 to the ledger accounts.

3.	Prepare a trial balance as of the end of September. (The items in the Trial Balance should be grouped as follows: Assets, Liabilities, Equity, Revenues, and Expenses.)

3.	Prepare a trial balance as of the end of September. (The items in the Trial Balance should be grouped as follows: Assets, Liabilities, Equity, Revenues, and Expenses.)