Question

More Info - Trevor Moore opened a law office on January 1, 2024. During the first month of operation, the business completed IN (Click the icon to view the transactions) Read the requirements Requirement 1. Record each transaction in the journal, using the following account lifes Cash Account Receivable Payable: Moore, Capital, Moore, Withdrawals Service Revenue Salaries Expense Rent Expense, and Units Exped Jan. 1 Moore contributed 579,000 cash to the business, Trevor Moore, Attorney. The business gave capital to Moore Date Accounts Debit Credit Jan 1 Moore contributed 579.000 cash to the business Trevor Moore, Abomey The Jan. 1 business gave capital to Moore Jan. 3 Purchased office supplies. $1.500, and furniture, 52200, on account Jan. 4 Performed legal services for a client and received $1,100 cash Purchased a building with a market value of $120.000, and land with a market value of $26.000 The business paid 550,000 cash and signed a note payable to Jan 7 the bank for the remaining amount Jan. 11 Prepared legal documents for a dient on account, 500 Jan. 15 Paid assistants semily salary, 51,200 Jan. 16 Paid for the office supplies purchased on January 3 on account Jan. 18 Received 52.900 cash for helping a client sell real estate Jan. 19 Defended adient in court and billed the client for $300 Jan. 25 Received for use $250 The bill will be paid next month Jan. 29 Received cash on account, 5400 Jan. 30 Paid $1.000 cash for a 12 month insurance policy starting on February 1

Answer 1

Date	Accounts	Debit $	Credit $
Jan.1	Cash	79,000
	Moore, Capital		79,000
Jan.3	Supplies	1,500
	Furniture	2,200
	Accounts Payable		3,700
Jan.4	Cash	1,100
	Service Revenue		1,100
Jan.7	Building	120,000
	Land	26,000
	Cash		50,000
	Note Payable		96,000
Jan.11	Accounts Receivable	500
	Service Revenue		500
Jan.15	Salaries Expense	1,200
	Cash		1,200
Jan.16	Accounts Payable	1,500
	Cash		1,500
Jan.18	Cash	2,900
	Service Revenue		2,900
Jan.19	Accounts Receivable	800
	Service Revenue		800
Jan.25	Utilties Expense	250
	Accounts Payable		250
Jan.29	Cash	400
	Accounts Receivable		400
Jan.30	Prepaid Insurance	1,080
	Cash		1,080