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Post the transactions to the ledger in chronological order and complete the Adjusted Trial Balance....

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Accounting

Post the transactions to the ledger in chronological order and complete the Adjusted Trial Balance.

Transactions Dec. 1 Issued common stock for $22,100 cash.

2 Billed clients for $11,700 of work performed.

3 Received payment of $8,700 in advance for work to be performed.

5 Paid rent in advance of $10,700 to cover December through March rent.

10 Bought furniture, paying $3,200 cash and $4,700 notes payable.

15 Received $7,300 from accounts receivable.

15 Incurred salaries expense of $17,800.

16 Paid $410 toward their Accounts Payable.

31 Made an adjustment for revenue of $8,700 that was prepaid and had been earned.

31 Adjusted for rent expired during December. 31

Adjusted for depreciation on furniture, $390. 31

Paid salaries payable and incurred another $17,800 of salaries expense.

Post the liability first. 31

Paid $3,400 in Dividends.

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