Explore BrainMass

Explore BrainMass

    Journalize transactions, post to T-accounts, and trial balance

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    See attached file.

    EW_P2-26A

    Josh Groben opened a law office on December 2 of the current year. During the first month of operations, the business completed the following transactions:

    Dec 2-Groben deposited $30,000 cash in the business bank account, Josh Groben, Attorney.
    Dec 3-Purchased supplies, $500, and furniture, $2,600, on account.
    Dec 4-Performed legal service for a client and received cash, $1500
    Dec 7-Paid cash to acquire land for a future office site, $22,000.
    Dec 11- Prepared legal documents for a client on account, $900
    Dec 15- Paid secretary's salary, $570
    Dec 16-Paid for the furniture purchased December 3 on account.
    Dec 18-Received $1,800 cash for helping a client sell real estate.
    Dec 19-Defended a client in court and billed the client for $800
    Dec 29-Received a partial collection from client on account, $400
    Dec 31-Paid secretary's salary, $570
    Dec 31-Paid rent expense, $700
    Dec 31- Withdrew $2,200 for personal use.

    © BrainMass Inc. brainmass.com June 4, 2020, 12:15 am ad1c9bdddf
    https://brainmass.com/business/trial-balance/journalize-transactions-post-to-t-accounts-and-trial-balance-327624

    Attachments

    Solution Summary

    The expert provides journalize transactions, post to t-accounts and trial balance. Prepared legal documents for a client on accounts are determined.

    $2.19

    ADVERTISEMENT