Requirement $2.$ T$-$accounts have been opened for each of the accounts. Post the journal entries to the T$-$accounts, using

transaction dates as posting references in the ledger accounts. Label the balance of each account Bal.

We will post to the accounts one transaction at a time. Begin by posting the events from the $1$st$.$

Sep. $1.$ Recelved $$48,000$ cash and issued common stock to Simpson. $($We will post to the accounts one transaction at a

time. Post only the transaction from September $1$ in this step.$)$

Review the September $1$ journal entry that you prepared in Requirement $1.$

$\frac{\text{U}\text{t}\text{i}\text{l}\text{i}\text{t}\text{i}\text{e}\text{s}\text{P}\text{a}\text{y}\text{a}\text{b}\text{l}\text{e}}{}$

Salaries Expense