S2-9 Posting, balancing T-accounts, and preparing a trial balance [10–15 min] Use the January transaction data for Ned Brown, M.D., P.C., given in Short Exercise 2-5.

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S2-9 Posting, balancing T-accounts, and preparing a trial balance [10–15 min] Use the January transaction data for Ned Brown, M.D., P.C., given in Short Exercise 2-5.

Requirements
1. Open the following T-accounts: Cash, Accounts receivable, Medical supplies, accounts payable, Common stock, Service revenue, and Rent expense.
2. After making the journal entries in Short Exercise 2-5, post to the T-accounts. No dates or posting references are required. Compute the balance of each account, and denote it as Bal.
3. Prepare the trial balance, complete with a proper heading, at January 3, 2012.