Journalizing transactions, posting to T-accounts, and preparing a trial balanceDoris Stewa...

Journalizing transactions, posting to T-accounts, and preparing a trial balance

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:

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.