1. The journal of Ward Technology Solutions,includes the following entries for May, 2012:
May 1 The business received cash of $75,000 and and gave capital to the owner.
2 Purchased supplies of $500 on account.
4 Paid $53,000 cash for a building.
6 Performed service for customers and received cash, $2,600.
9 Paid $400 on accounts payable.
17 Performed service for customers on account, $2,500.
23 Received $1,900 cash on account from a customer.
31 Paid the following expenses: salary, $1,100; rent, $900.
Requirements
2. Open T-accounts using the following account numbers: Cash, 110; Accounts receivable, 120; Supplies, 130; Building, 140; Accounts payable, 210; Ward, capital, 310; Service revenue, 410; Rent expense, 510; Salary expense, 520.
3. Post to the accounts. Write dates and journal references (use account numbers) in the accounts. Compute the balance of each account after posting.