[andreyveritas]

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 issued common stock.
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) Paid cash dividends of $3,000.

Requirements
1. Open the following T-accounts: Cash, Accounts receivable, Supplies, Furniture,
Land, Accounts payable, Common stock, Dividends, 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, P.C. at September 30, 2012.

[JudyKayTee]

Please - you've posted 7 homework questions today.

Ask Me Help Desk - Announcements in Forum : Homework Help
“Read this first - Expectations for the Homework Help Board:
Do not simply retype or paste a question from your book or study material

We won't do your homework questions for you. You were given the assignment for you to learn.

If you come up with your own answer and post it for us to critique that is within reason.

If you have some SPECIFIC questions that you couldn't find or didn't understand, we may help with that. But this is your assignment, so show us you have at least attempted to complete it on your own.

Thank you.”