Question: You will submit your solution, demonstrating all work, as an Excel file. If a text response is required for part of the problem, please provide

You will submit your solution, demonstrating all work, as an "Excel" file. If a text response is required for part of the problem, please provide explanations in the same Excel file, on the same tab as the rest of the problem. (It is all one problem, so please keep it together.) You are required to show all work/demonstrate all work, calculations within the cells, use the formulas for calculations, and apply proper statement and cell formatting. (Subtotal cells and total cells use special formatting to identify them as subtotals or totals, etc.) EXERCISE 3.11 Journalizing, Posting, and Preparing a Trial Balance U LO3-3, Theta^(-) LO3-5, Theta LO3-8, Theta LO3-9 Georgia Corporation incorporated on September 2, current year. The company engaged in the following transactions during its first month of operations: Sept. 2 Issued capital stock in exchange for $1,170,000 cash. Sept. 4 Purchased land and a building for $1,080,000. The value of the land was $240,000, and the value of the building was $840,000. The company paid $120,000 cash and issued a note payable for the balance. Sept. 12 Purchased office supplies for $600 on account. The supplies will last for several months. Sept. 19 Billed clients $216,000 on account. Sept. 29 Recorded and paid salary expense of $72,000. Sept. 30 Received $132,000 from clients billed on September 19. A partial list of the account titles used by the company includes the following: a. Prepare journal entries, including explanations, for these transactions. b. Post each entry to the appropriate ledger accounts (use the T account format illustrated in <= Exhibit 3-8). c. Prepare a trial balance dated September 30, current year. Assume accounts with zero balances are not included in the trial balance. OVERNIGHT AUTO SERVICE THE LEDGER1/31 Bal.2,2002/154,9802/285,400

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