. Journalizing, posting, and trial balance preparation (Learning Objectives 3 &4)20-25 min.Fang Sun opened a...

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Accounting

. Journalizing, posting, and trial balance preparation (Learning Objectives 3 &4)20-25 min.Fang Sun opened a financial services firm on March ,12015. During the month of March, the business completed the following transactions:Mar 135811416192328313131Nov 136913151718222630The business sold $40,000 shares ot open the firm, Sun &Associates, Inc. Purchased supplies, $400, and furniture, $2,100, on account. Performed financial service for a client and received cash, $1,700.Paid cash ot acquire land for a future office site, $18,000.Prepared tax returns for a client on account, $500.Paid assistant's salary, $1,100.Paid for the furniture purchased March 3 on account.Received $800 cash for accounting services performed.Biled aclient for $1,300 of accounting services.Received $300 from client on account.Paid assistant's salary, $900.Paid rent expense, $1,200.Paid $1,800 of dividends.

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