The following events apply to Complete Business Service in Year its first year of operations:
Received $ cash from the issue of common stock.
Earned $ of service revenue on account.
Incurred $ of operating expenses on account.
Received $ cash for performing services.
Paid $ cash to purchase land.
Collected $ of cash from accounts receivable.
Received a $ cash advance for services to be provided in the future.
Purchased $ of supplies on account.
Made a $ payment on accounts payable.
Paid a $ cash dividend to the stockholders.
Recognized $ of supplies expense.
Recognized $ of revenue for services provided to the customer in Event
Required
Record the events in the general journal.
Post the events to Taccounts.
Test the equality of the debit and credit balances of the Taccounts by preparing a trial balance.
