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Warren Smith pracitces medicine under the business title Warren Smith, M.D. During April, the medical practice completed the following transactions:

April 1  Smith deposited $78,000 cash in the business bank account.  The business gave capital to Smith.

April 5  Paid monthly rent on medical equipment, $780.

April 9  Paid $18,000 cash to purchase land for an office site.

April 10  Purchased supplies on account, $1,200.

April 19  Borrowed $20,000 from the bank for business use.  Smith signed a note payable to the bank in the name of the business. 

April 22  Paid $800 on account.

April 30  Revenues earned during the month included $5,900 cash and $4,900 on account.

April 30  Paid employees' salaries $2,000, office rent $1,800, and utilities $420.  Make a single compound entry.

April 30  Owner withdrew $9,000.

1.  Journalize each transaction.  Explanations are not required.

2.  Post the transactions to the T-accounts, using transaction dates as posting referneces in the ledger accounts.  Label the balance of each account Bal.

3.  Prepare the trial balanace of Warren Smith, M.D., at April 30, 2010.