the trial balance of shermana peters registered dietician at june 30 2012 follows 538340

Journalizing transactions, posting to accounts in four-column format, and preparing a trial balance

The trial balance of Shermana Peters, Registered Dietician, at June 30, 2012, follows:

SHERMANA PETERS, REGISTERED DIETICIAN Trial Balance 30-Jun-12
Account No.	Account	Debit	Credit
11	Cash	$ 4,000
12	Accounts receivable	7,600
13	Supplies	600
14	Equipment	16,000
21	Accounts payable		5,200
31	Peters, capital		23,000
32	Peters, drawing
41	Service revenue
51	Salary expense
52	Rent expense
	Total	$28,200	$28,200

During July, Peters or her business completed the following transactions:

Jul 4	Collected $7,000 cash from a client on account.
7	Performed a nutritional analysis for a hospital on account, $4,900.
12	Peters used personal funds to pay for the renovation of her private residence, $53,000.
16	Purchased supplies on account, $800.
19	Peters withdrew cash of $2,200.
20	Paid business debt on account, $2,300.
24	Received $2,100 cash for consulting with Bountiful Foods.
25	Paid rent, $300.
31	Paid employee salary, $1,500.

Requirements

1. Record the July transactions in the business’s journal. Include an explanation for each entry.

2. Post the transactions to four-column accounts in the ledger, using dates, account numbers, journal references, and posting references.

3. Prepare the trial balance of Shermana Peters, Registered Dietician, at July 31, 2012.