Question: , Problem 4-4: Listed below are the transactions for the June 1 ons for the Charlene Alston Hair Salon. Owner, Charlene Alston, invested $35,000 cash

, Problem 4-4: Listed below are the transactions for the June

, Problem 4-4: Listed below are the transactions for the June 1 ons for the Charlene Alston Hair Salon. Owner, Charlene Alston, invested $35,000 cash and beauty equipment valued at $20,000. Paid 3 months' rent, $1,500. Did hour show and earned $5,000. Provided services to a social agency for children on account. Purchased beauty supplies, $650. 10 children on account, $1,340. 13 20 Required 1. Open the following ledger accounts: Cash (101) C. Alston, Capital (301) Accounts Receivable (102) Beauty Revenue (401) Beauty Supplies (106) Beauty Supplies Expense (500 Prepaid Rent (108) Rent Expense (508) Beauty Equipment (110) Accumulated Depreciation, Beauty Equipment (111) Depreciation Expense, Beauty Equipment (510) 2. Journalize and post the transactions. 3. Prepare a trial balance. 4. Journalize and post the following adjustments. a. $500 of Prepaid Rent has been used. b. Beauty Supplies account balance is $200. c. Depreciation on beauty equipment is $3,000. 5. Prepare an adjusted trial balance

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