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Name Mya Franklin THE RECORDING PROCESS Task #1 Mya Franklin began a restaurant...

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Accounting

Name
Mya Franklin
THE RECORDING PROCESS
Task #1
Mya Franklin began a restaurant consulting company. Below are events and transactions that occurred during the first month of operations.
(a) Prepare the necessary general journal entries. If no entry is needed put N/A.
(b) Post journal entries to the ledger accounts.
(c) Prepare the month end trial balance.
May 1 Mya Franklin invested $37,000 cash to start a consulting business.
2 Hired a receptionist at a salary of $1,500 per month.
3 Purchased $900of supplies, on account, from Office Supply Company.
7 Paid office rent of $2,000 for the month
11 Billed client $1,700 providing consulting services.
12 Received $5,000 advance on a consulting engagement.
17 Received cash of $1,400 for services completed for Mutter Company.
31 Paid receptionist salary for the month.
31 Paid 30%of the balance due to Office Supply Company.
(a)
\table[[General Journal],[Date,Account Titles (Explanation NOT required),Ref.,Debit,Credit],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,]]
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