Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

Exercise 24

Journalizing, Posting, and Preparing a Trial Balance
Elaine Consulting incorporated on February 1, 2015. The company engaged in the following transactions during its first month of operations:

A partial list of the account titles used by the company includes:

a. Prepare journal entries, including explanations, for the above transactions.
b. Post each entry to the appropriate ledger accounts (use the T account format as illustrated in Exhibit 3-8 on page 110).
Exhibit

c. Prepare a trial balance dated February 28, 2015. Assume accounts with zero balances are not included in the trial balance.