The trial balance of Thomson Engineering at February 28, 2017, is shown below:

During March, Thomson Engineering completed the following transactions:
Mar. 4 Collected $600 cash from a client on account.
8 Designed a system for a client on account, $580.
13 Paid cash for items purchased on account, $320.
18 Purchased supplies on account, $120.
20 R. Thomson withdrew $200 cash for personal use.
21 Received a verbal promise of a $2,000 contract.
22 Received cash of $620 for consulting work just completed.
31 Paid employees' salaries, $1,300 cash.
Required
1. Record the March transactions in Page 3 of the journal. Include an explanation for each entry.
2. Open three-column ledger accounts for the accounts listed in the trial balance, together with their balances at February 28. Enter Bal. (for previous balance) in the Item column, and place a check mark (✓) in the journal reference column for the February 28 balance in each account.
3. Post the transactions to the ledger, using dates, account numbers, journal references, and posting references.

Transcribed Image Text:

THOMSON ENGINEERING Trial Balance February 28, 2017 Account Number 1100 Debit $4,000 16,000 3,600 37,200 Account Credit Accounts receivable Supplies Automobile Accounts payable R. Thomson, Capital R. Thomson, Withdrawals Service reven Rent expense Salary expense Total 1300 1600 $ 8,000 50,000 3100 4,400 ue 16,400 6100 7,200 $74,400 74,400