Mulberry Services sells electronic data processing services to firms too small to own their own computing equipment. Mulberry had the following accounts and account balances as of January 1, 2019:

Accounts Payable	$ 14,000
Accounts Receivable	130,000
Cash	6,000
Common Stock	114,000
Interest Payable	8,000
Notes Payable (Long-term)	80,000
Prepaid Rent (Short-term)	96,000
Retained Earnings, 12/31/2018	16,000

During 2019, the following transactions occurred:

a.	During 2019, Mulberry sold $690,000 of computing services, all on credit.
b.	Mulberry collected $570,000 from the credit sales in Transaction a and an additional $129,000 from the accounts receivable outstanding at the beginning of the year.
c.	Mulberry paid the interest payable of $8,000.
d.	Wages of $379,000 were paid in cash.
e.	Repairs and maintenance of $9,000 were incurred and paid.
f.	The prepaid rent at the beginning of the year was used in 2019. In addition, $28,000 of computer rental costs were incurred and paid. There is no prepaid rent or rent payable at year-end.
g.	Mulberry purchased computer paper for $13,000 cash in late December. None of the paper was used by year-end.
h.	Advertising expense of $26,000 was incurred and paid.
i.	Income tax of $10,300 was incurred and paid in 2019.
j.	Interest of $5,000 was paid on the long-term loan.

	Required:
1.	The account title for each T-account has been provided. Based on the data provided, enter the applicable beginning balances.
2.	Analyze each transaction. Journalize as appropriate.
3.	Post your journal entries to T-accounts. Add additional T-accounts when needed.
4.	Use the ending balances in the T-accounts to prepare a trial balance.
CHART OF ACCOUNTS
Mulberry Services
General Ledger
ASSETS 111 Cash 121 Accounts Receivable 122 Notes Receivable 123 Supplies 124 Prepaid Insurance 125 Prepaid Rent 126 Inventory 131 Land 132 Buildings 133 Equipment 134 Furniture 135 Trucks 139 Accumulated Depreciation LIABILITIES 211 Accounts Payable 212 Notes Payable 213 Income Taxes Payable 214 Wages Payable 215 Utilities Payable 216 Insurance Payable 217 Interest Payable 218 Rent Payable 219 Unearned Service Revenue 231 Bonds Payable EQUITY 311 Common Stock 321 Retained Earnings 331 Dividends	REVENUE 411 Sales Revenue 412 Service Revenue 413 Interest Income EXPENSES 511 Cost of Goods Sold 512 Advertising Expense 513 Supplies Expense 514 Utilities Expense 515 Rent Expense 516 Insurance Expense 517 Repairs and Maintenance Expense 521 Wages Expense 531 Interest Expense 532 Depreciation Expense 533 Income Taxes Expense