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Julia Dumars is a licensed CPA

Accounting

Julia Dumars is a licensed CPA. During the first month of operations of her business, Tamarisk, Inc., the following events and transactions occurred.
May 1Stockholders invested $22,000 cash in exchange for common stock.2Hired a secretary-receptionist at a salary of $1,100 per month.3Purchased $1,600 of supplies on account from Vincent Supply Company.7Paid office rent of $770 cash for the month.11Completed a tax assignment and billed client $1,900 for services performed.12Received $2,900 advance on a management consulting engagement.17Received cash of $1,100 for services performed for Orville Co.31Paid secretary-receptionist $1,100 salary for the month.31Paid 40% of balance due Vincent Supply Company.


Julia uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 209 Unearned Service Revenue, No. 311 Common Stock, No. 400 Service Revenue, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense.
(a)
Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter "0" for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
choose a transaction date
                                                                       
May 1
May 2
May 3
May 7
May 11
May 12
May 17
May 31
enter an account title
enter a debit amount
enter a credit amount

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