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Business · Accounting
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A. Journalism the transactions for the year.
B. Post the journal entries to the GL
C. Prepare the unadjusted trial balance as of Dec 31

Daniel and Sons Law Offices opened on January 1, 2018. During the first year af business, the compary following transactions: 1 Transactions i (Click the icon to view the transactions.) January 2: The owners invested $600,000 (the par value of the stock) into the Requirement a. Jounalize the transactions for the year. Omit explanations. (Record debits first, then credits business and acquired 60,000 shares of common stock in return January 2: The owners invested $600,000 (the par value of the stock) into the business and acquired 60,000 . January 15: Daniel and Sons bought an office building in the amount of $100,000. The company purchase. took out a long-term note from the bank to finance the Account January 2 . February 12: Daniel and Sonsbilled dients for $70,000 of services performed. :Dand Song took out a two-year insurance polloy, which it paid March 10: Daniel collected $26,000 from dlients toward the outstanding May 13 Daniel recelved cash payments totaling $280,000 for liegal accounts receivable balance. services-$44,000 was for services previously billed to customers on February 12 and the remainder was for services provided in May not yet recorded . June 10: Daniel purchased office supplies in the amount of $20,000, all on credt July 15: Daniel paid wages of $14,000 in cash to office staff workers . August & Daniel paid off the $20,000 balance owed to a supplier for the purchase made on June 10 September 3: Daniel and Sons purchased $10,000 of office supplies in cash. September 20: The company paid $6,000 cash for utbities. October 1: Daniel and Sons paid wages in the amount of $38,000 to office workers. . December 1: Daniel and Sons received cash payments from clients in the amount of $350,000 for services to be performed in the upcoming months December 31: Daniel declared and paid a $9,000 dividend Print Done
Next Question Chart of Accounts t yea Chart of Accounts | Account # Group 100: Assets Account Title ns. to th 101 Cash 102 Accounts Receivable 103 Office Supplies 104 Prepaid Insurance 110 Building 112 Accumulated Depreciation. Building 200: Liabilities 201 Accounts Payable 202Unearned Service Revenue 203 Wages Payable 210 Interest Payable 220 İNotesPayable 300: Stockholders Equity 301 310Retained Earnings 320 IDividends Common Stock Print Done en clic Clear All
300: Stockholders Equity 301 Common Stock 310 Retained Eamings 320 Dividends 400: Revenues 401 Service Revenue 500: Expenses 501 Wage Expense 502 Utilities Expense 503 Selling Expense 504 Administrative Expense 505 Insurance Expense 506 Supplies Expense 510 Depreciation Expense Building 520 Interest Expense 600: Other 601 Income Summary Print Done Clear All
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