[chudanh]

Doris Stewart started her practice as a design consultant on September 1, 2012. During the first month of operations, the business completed the following transactions:
Sep 1 Received $42,000 cash and gave capital to Stewart.
4 Purchased supplies, $700, and furniture, $1,900, on account.
6 Performed services for a law firm and received $1,400 cash.
7 Paid $24,000 cash to acquire land for a future office site.
10 Performed service for a hotel and received its promise to pay the $1,000 within one week.
14 Paid for the furniture purchased September 4 on account.
15 Paid secretary's bi-monthly salary, $490.
17 Received cash on account, $400.
20 Prepared a design for a school on account, $700.
28 Received $2,100 cash for consulting with Plummer & Gorden.
30 Paid secretary's bi-monthly salary, $490.
30 Paid rent expense, $650.
30 Stewart withdrew cash of $3,000.
Requirements
1. Open the following T-accounts: Cash; Accounts receivable; Supplies; Furniture; Land; Accounts payable; Stewart, capital; Stewart, drawing; Service revenue; Salary expense; and Rent expense.
2. Record each transaction in the journal, using the account titles given. Key each transaction by date. Explanations are not required.
3. Post the transactions to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal, as shown in the chapter.
4. Prepare the trial balance of Doris Stewart, Designer, at September 30, 2012.

[pready]

And your question is? The first thing to do is follow requirement 1, which means you need to set-up T accounts for all of your accounts and all the accounts are given to you. Next you will journalize your transactions for the month. Then you will post your journal entries to your T accounts and get your account balances. Finally you will prepare a Trial Balance from your T accounts.

Very straight forward problem, just a little time consuming, but should take you no more than an hour or so to finish.