On March 1, 2012, Mitch Quade established Mitch Realty, which completed the following transactions during the

On March 1, 2012, Mitch Quade established Mitch Realty, which completed the following transactions during the month:

(a)  Mitch Quade transferred cash from a personal bank account to an account to be used for the business in exchange for capital stock, $18,000.

(b)  Purchase supplies on account, $1,200.

(c)  Earned sales commission, receiving cash, $14,000.

(d)  Paid rent on office and equipment for the month, $2,800.

(e)  Paid creditor on account, $750.

(f)   Paid office salaries, $3,000.   

Instructions:  

1.  Journalize entries for transactions (a) through (f).  Omit the journal entry explanations. Please use the drop-down list (right of the cell) to enter the account description box on the worksheet.

2.  Post the journal entries the T accounts, placing the appropriate letter to the left of each amount to identify the transactions.  Determine the account balance after all posting is complete.  Accounts containing only a single entry do not need a balance.

3.  Prepare and unadjusted trial balance as of March 31, 2012.