Question

% P2-31A (similar to) Tony Monson opened a law office on January 1, 2018. During the first month of operations, the business completed the following transactions: Click the icon to view the transactions.) Read the requirements Requirement 3. Prepare the trial balance of Tony Monson, Attorney, at January 31, 2018 Review the ledger accounts for the month of January Tony Monson, Attorney Trial Balance January 31, 2018 Balance Account Title Debit Credit Cash Common Stock 79,000 Office Supplies 1.300 Furniture 1.500 Accounts Payable 2800 Total Choose trom any est or enter any number in the input fields and then click Check Answer All parts showing O Type here to search

Answer 1

Tony Monson, Attorney
Trial Balance
January 31, 2018
Accounts title	Debit	Credit
Cash ($79,000+$1,600-$60,000-$1,190-$1,300+$2,200+$1,900-$1,800-$1,190-$2,100-$3,100)	$     14,020
Common stock		$     79,000
Office supplies	$       1,300
Furniture	$       1,500
Accounts payable ($1,300+$1,500-1,300+300)		$       1,800
Service revenue ($1,600+1,000+2,200+1,400)		$       6,200
Building	$   110,000
Land	$     23,000
Note payable ($110,000+23,000-60,000)		$     73,000
Accounts receivable (1,000+1,400-1,900)	$           500
Salaries expenses ($1,190+1,190)	$       2,380
Utilities expense	$           300
Prepaid insurance	$       1,800
Rent expense	$       2,100
Dividends	$       3,100
Total	$   160,000	$   160,000

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