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    Doris Stewart consulting sep 1 2012: post trial balance

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    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:

    Sep 1
    Received $42,000 cash and gave capital to Stewart.
    Sep 4
    Purchased supplies, $700, and furniture, $1,900, on account.
    Sep 6
    Performed services for a law firm and received $1,400 cash.
    Sep 7
    Paid $24,000 cash to acquire land for a future office site.
    Sep 10
    Performed service for a hotel and received its promise to pay the $1,000 within one week.
    Sep 14
    Paid for the furniture purchased September 4 on account.
    Sep 15
    Paid secretary's bi-monthly salary, $490.
    Sep 17
    Received cash on account, $400.
    Sep 20
    Prepared a design for a school on account, $700.
    Sep 28
    Received $2,100 cash for consulting with Plummer & Gorden.
    Sep 30
    Paid secretary's bi-monthly salary, $490.
    Sep 30
    Paid rent expense, $650.
    Sep 30
    Stewart withdrew cash of $3,000.

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    Solution Summary

    Your tutorial is in excel with JEs on one tab and posting to T account and the trial balance on another.