The Following Transactions Have Been Journalized and Posted to the Proper

question 111

Essay

The following transactions have been journalized and posted to the proper accounts.Prepare a trial balance at the end of the first month using the following details:
a.The business received $15,000 cash and issued common stock.
b.Paid the first month's rent with $800 cash.
c.Purchased equipment by paying $4,000 cash and executing a note payable for $4,000.
d.Purchased office supplies for $200 cash.The supplies are left at the end of the month.
e.Billed clients for a total of $7,000 for design services rendered.
f.Received $1,000 cash from clients for services rendered above.

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