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Posting Journal Entries and preparing Trial Balance Dyna Corp., a legal firm, completed the following transactions during the month of January, its first month of operati 1. Jan. 1 Issued 20,000 shares of common stock for $100,000 cash. 2. Jan. 3 Purchased $120,000 of office equipment by paying $10,000 cash and by signing a one- year, 10% interest 3. Jan. 3 Purchased $6,000 supplies on account. Hint: Debit supplies . 4. Jan. 4 Performed $8,000 of legal services on account . 5. Jan. 6 Received a $3,000 cash deposit from a new client for legal work to commence next month. 6. Jan. 10 Paid $10,000 cash for a 12-month insurance policy. 7. Jan. 13 Paid cash to settle the account for supplies purchased on January 3 8. Jan. 20 Performed legal services for $10,000 cash 9. Jan. 30 Collected $4,000 cash from customer on account for legal services performed on January 4. 10. Jan. 31 Paid $ 6,000 cash in salaries for the month of January 11. Jan. 31 Paid $2,000 cash dividends to shareholders 12. Jan. 31 Paid $10,000 cash for January rent .

Posting Journal Entries and preparing Trial Balance Dyna Corp, a legal firm, completed the following transactions during the month of fanuary, its first month of operations. 1. Jan. 1 issued 20,000 shares of common stock for $100,000 cash. 2. Jan. 3 Purchased $120,000 of office equipment by paying $10,000 cash and by signing a one-year, 103 interest-bearing note payable for the remaining balance. 3. Jan. 3 purchased $6,000 supplies on account. Hint: Debit supplies. 4. Jan, 4 Performed $8,000 of legal services on account. 5. Jan, 6 Received a 53,000 cash deposit from a new cient for legal work to commence next month. 6. Jan. 10 Paid $10,000 cash for a 12-month insurance policy. 7. Jan. 13 Paid cash to settle the account for supplies purchased on january 3. 8. Jan. 20 Performed legal services for $10,000 cash 9. Jan. 30 Collected $4,000 cash from customer on account for legal services performed on january 4 10. Jan. 31 Paid 36,000 cashin salaries for the month of january. 11. Jan, 31 Paid \$2,000 Cash dividends to sharehoiders: 12. Jan. 31 Paid $10,000 cash for January rent. Using the information aboge, complete the following requireinents: a. Post the journat ensries 1 through 12 to T-accounss (serving as a ledgen) and determine the ending balance in each T-account. Note: Enter amounts in the order that they are presented above (t through 12), using the first arwwer field on the appropriate side of the Taccounc, Not all arsaer fields will be used Do not enter dar Note: Do not use negative signs with your answers

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