, Prepare an unadjusted trial balance.
Jan5 Received $60,000 from Shophia Lebron and issued 12,000 common shares of $5 par value.
Jan5 Paid $6,000 of general liability and property insurance. The disbursement by Check No. 100 was for a complete year of service.
Jan6 Rented an office and furniture for $2,000 per month. Issued Check No. 101 for $6,000, representing the first and last month's rent and the security deposit.[ the security deposit (debit deposit), the last month's rent, and the current rent are to be classified separately.]
Jan7 Issued Check No. 102 for $1,600 for the purchase of office supplies.
Jan7 Issued Check No. 103 for $7,000 for advertising to be run in local nespaper and magazines in the month of Jan
Jan10 Roxana Perini engaged My Place, House of Decor to renovate her oceanfront condominium. Received $10,000 from Roxana Perini after services were completed.
Jan12 Recorded $6,000 (net 30) decorating fees earned on account from Maribel Thompson to remodel her office.
Jan20 Received $8,000 from Frederick Lombart, a customer. These fees were ralated to services rendered to improved his office's lobby.
Jan25 Recored $12,000 ( net 60) decorating fees revenue earned on account from Roberto Andriani, a long-time customer who wanted to enhance his residence's decor.
Jan30 Issued Check No. 104 for $190 to pay the utilities bill for month.
Jan30 Issued Check No. 105 for $300 in payment of the telephone bill for month.
Jan30 Issued Check No. 106 for $200 for postage
Jan30 Issued Check No. 107 for $450 for business automobile expense.
Jan30 Issued Check No. 108 for $5,600 to Sophia LeBron for salary. (payroll taxes are not considered in this entry. Transactions in later months will show you how to journalize payroll tax deductions and expenses.)