E2-22 Recording transactions, using four-column ledger accounts, and preparing a trial balance [20–25 min] The following transactions occurred during the month for Teresa Parker, CPA, P.C.:

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E2-22  Recording transactions, using four-column ledger accounts, and preparing a trial balance [20–25 min]
The following transactions occurred during the month for Teresa Parker, CPA, P.C.:

• a. Parker opened an accounting firm by investing $14,100 cash and office furniture valued at $5,200. The business issued $19,300 of common stock to Parker.
• b. Paid monthly rent of $1,500.
• c. Purchased office supplies on account, $900.
• d. Paid employee’s salary, $1,700.
• e. Paid $700 of the account payable created in transaction (c).
• f. Performed accounting service on account, $5,900.
• g. Paid cash dividends of $6,700.

Requirements
1. Open the following four-column accounts of Teresa Parker, CPA, P.C.: Cash, Accounts receivable, Office supplies, Office furniture, Accounts payable, Common stock, Dividends, Service revenue, Salary expense, Rent expense.
2. Journalize the transactions and then post to the four-column accounts. Use the letters to identify the transactions. Keep a running balance in each account.
3. Prepare the trial balance at December 31, 2012.