Problem

Judi Dench is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred.

April 1 Stockholders invested $40,000 cash in exchange for common stock.
1 Hired a secretary-receptionist at a salary of $600 per week payable monthly.
2 Paid office rent for the month $1,400.
3 Purchased dental supplies on account from Halo Company $5,200.
10 Provided dental services and billed insurance companies $6,600.
11 Received $1,000 cash advance from Rich Welk for an implant.
20 Received $2,100 cash for services completed and delivered to Phil Steubern.
30 Paid secretary-receptionist for the month $2,400.
30 Paid $1,900 to Halo Company for accounts payable due.

Judi uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126

Supplies, No. 201 Accounts Payable, No. 205 Unearned Revenue, No. 311 Common Stock, No. 400 Service Revenue, No. 726 Salaries Expense, and No. 729 Rent Expense.

Instructions

(a) Journalize the transactions.
(b) Post to the ledger accounts.
(c) Prepare a trial balance on April 30, 2014.