P2-33A The trial balance of Sharon Silver, Registered Dietician, at June 30, 2012, follows

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P2-33A Journalizing transactions, posting to accounts in four-column
format, and preparing a trial balance [45–60 min]

The trial balance of Sharon Silver, Registered Dietician, at June 30, 2012, follows

SHARON SILVER, REGISTERED DIETICIAN  Trial Balance June 30, 2012
Account No.	Account	Debit	Credit
11	Cash	$ 7,000
12	Accounts receivable	8,500
13	Supplies	800
14	Equipment	13,000
21	Accounts payable		$ 4,800
31	Silver, capital		24,500
32	Silver, drawing
41	Service revenue
51	Salary expense
52	Rent expense
	Total	$ 29,300	$ 29,300

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

jul 4 Collected $6,000 cash from a client on account.
7 Performed a nutritional analysis for a hospital on account, $6,600.
12 Silver used personal funds to pay for the renovation of her private residence, $55,000.
16 Purchased supplies on account, $1,000.
19 Silver withdrew cash of $2,300.
20 Paid business debt on account, $2,500.
24 Received $2,200 cash for consulting with Natural Foods.
25 Paid rent, $500.
31 Paid employee salary, $1,700.

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 Sharon Silver, Registered Dietician, at July 31, 2012.