vyraise cercise 2-52 (Algorithmic) Accounting Cycle Rosenthal Decorating Inc. is a commercial painting and decorating contractor that began operations in January 2019. The following transaction during the year: a. On January 15, Rosenthal sold 500 shares of its common stock to William Hensley for $12,000. b. On January 24, Rosenthal purchased $720 of painting supplies from Westwood Builders' Supply Company on account c. On February 20, Rosenthal paid $720 cash to Westwood Builders' Supply Company for the painting supplies purchased on January 24. d. On April 25, Rosenthal billed Bultman Condominiums $42,600 for painting and decorating services performed in April. e. On May 12, Rosenthal received $12,500 from Bultman Condominiums for the painting and decorating work billed in April. f. On June 5, Rosenthal sent Arlington Builders a $9.500 bill for a painting Job completed on that day. 9. On June 24, Rosenthal paid wages for work performed during the preceding week in the amount of $10,900. Required: 1. Prepare a journal entry for each of the transactions listed above. Jan. 15 (Record issuance of stock) Jan. 24 (Record purchase of supplies on account) (Record issuance of stock) Jan. 24 (Record purchase of supplies on account) Feb. 20 (Record payment of account) April 25 (Record services performed on account) May 12 (Record receipt of payment June 5 C (Record receipt of payment) June 5 o (Record services performed on account) June 24 I (Record payment of wages) 2. Post the transactions to accounts. If a balance is zero, please enter zero (0) Cash Accounts Receivable End. Baf. End. Bal Supplies Accounts Payable End. Bal End. Bal. s to T-accounts. If a balance is zero, please enter zero ("0"). Cash Accounts Receivable End. Bal Supplies Accounts Payable End. Bat. Cash Accounts Receivable End. Bal. End. Bal. Supplies Accounts Payable End. Bal. End. Bal. Common Stock Wages Expense End, Bal End. Bal. Service Revenue End. Bal Accounts Receivable End. Bal. Supplies Accounts Payable End. Bal. Common Stock Wages Expense End. Bal. End. Bal Service Revenue End. Bal Service Revenue End. Bal. 3. Prepare a trial balance at June 30, 2019. If an amount box does not require an entry, leave it blank. Rosenthal Decorating Inc. Trial Balance June 30, 2019 Account Debit Credit S Prepare a trial balance at June 30, 2019. If an amount box does not require an entry, leave it blank. Rosenthal Decorating Inc. Trial Balance June 30, 2019 Account Debit Credit QUIDO