Joan Robinson opens her own travel agency on September 1, 2021. During the first month of operations, the following transactions occurred.
Sep.1 Joan invested $20,000 cash in the business.
5 Paid $1,000 for September rent on the agency.
10 Purchased office equipment on account $5,000.
14 Provided services to clients for cash $3,000.
17 Performed services for clients on account $5,000.
20 Paid monthly expenses: salaries $800, utilities $500, and telephone $300.
22 Joan withdraws $2,000 cash for personal use.
25 Supplies were purchased for $2,800 on account.
30 Received billed from the Daily News for advertising the opening of the Laundromat, $ 500.
Required:
a. Journalize the September transactions (Use J1 for the journal page number).
b. Open ledger accounts and post the September transactions.
c. Prepare a trial balance at September 30, 2021.
