Business transactions completed by Alanna Emitt during the month of September are as follows.
a. Emitt invested $82,000 cash along with office equipment valued at $22,000 in exchange for common
stock of a new company named AE Consulting.
b. The company purchased land valued at $40,000 and a building valued at $165,000. The purchase is
paid with $25,000 cash and a long-term note payable for $180,000.
c. The company purchased $1,700 of office supplies on credit.
d. Emitt invested her personal automobile in the company in exchange for more common stock. The
automobile has a value of $16,800 and is to be used exclusively in the business.
e. The company purchased $5,900 of additional office equipment on credit.
f. The company paid $1,500 cash salary to an assistant.
g. The company provided services to a client and collected $7,600 cash.
h. The company paid $630 cash for this month’s utilities.
I. The company paid $1,700 cash to settle the account payable created in transaction c.

j. The company purchased $20,200 of new office equipment by paying $20,200 cash.
k. The company completed $6,750 of services for a client, who must pay within 30 days.
l. The company paid $2,000 cash salary to an assistant.
m. The company received $4,000 cash in partial payment on the receivable created in transaction k.
n. The company paid $2,900 cash for dividends.
Required
1. Prepare general journal entries to record these transactions (use account titles listed in part 2).
2. Open the following ledger accounts—their account numbers are in parentheses (use the balance column
format): Cash (101); Accounts Receivable (106); Office Supplies (108); Office Equipment (163);
Automobiles (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250);
Common Stock (307); Dividends (319); Fees Earned (402); Salaries Expense (601); and Utilities
Expense (602). Post the journal entries from part 1 to the ledger accounts and enter the balance after
each posting—in the date column enter instead the reference to which transaction from (a) through (n).
3. Prepare a trial balance as of the end of September.

Closed, already told to stop posting homework, and they seem not to listen