Desiree Clark is a licensed CPA. During the first month of operations of her business, the following events and transactions occurred.

May 1 Clark invested 20,000 cash in her business
May 2 Hired a secretary-receptionist at a salary of $2,000 per month
May 3 Purchased $2,500 of supplies on account from Read Supply Company
May 7 Paid office rent $900 cash for the month
May 11 Completed tax assignment and billed client $3,200
May 12 Received $3,500 advance on management consulting engagement
May 17 Received cash of $1,200 for services completed of C. Desmond Co.
May 31 Paid Secretary-receptionist $2,000 salary for the month
May 31 paid 60% of balance due Read Supply Company

Desiree uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 209 Unearned Service Revenue, No. 301 Owner's Capital, No. 400 Service Revenue, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense.

Instructions

(a) Journalize the transactions.
(b) Post to the ledger accounts.
(c) Prepare a trial balance on May 31, 2012.