On August 1, 2003, Mary Woo opens Woo Computer Consulting. During the business’s first ten days of operations, it completes the following transactions: a. To begin operations, Mary Woo deposits...

On August 1, 2003, Mary Woo opens Woo Computer Consulting. During the business’s first ten days of operations, it completes the following transactions:
a. To begin operations, Mary Woo deposits $40,000 of personal funds in a bank account entitled Woo Computer Consulting. The business receives the cash and gives Woo capital (owner’s equity).
b. Woo Computer Consulting pays $20,000 cash for a small house to be used as an office and $10,000 for the land on which the house is located.
c. The business purchases office supplies for $500 on account.
d. The business pays $6,000 cash for office furniture.
e. The business pays $150 on the account payable created in Transaction (c).
f. Woo withdraws $1,000 cash for personal use.
Required
1. Prepare the journal entries to record these transactions. Key the journal entries by letter. 2. Post the entries to T-accounts and calculate the ending balance.
3. Prepare the trial balance of Woo Computer

Consulting at August 10, 2003