The following transactionsof Jeff Hatton,Solicitor are for the month of July 20x5
1. Jeff Hatton invested $10,000 cash in a business bank account to open his law practice.
2. Hatton performed service for a client and collected $3,000 cash.
3. Hatton performed service for a client and billed the client for $500 on account receivable.
4. Hatton earned $700 service revenue by performing legal service for a client. The client paid Hatton $300 cash immediately. Hatton billed the remaining $400 to the client on account receivable.
5. Hatton paid the following cash expense: office rent, $900; employee salary, $1,500; and electricity and gas, $500
6. Hatton received an electricity bill for $120 and will pay this expense next week.
7. Hatton collected $200 cash from the client established in transaction 3.
8. Hatton paid the electricity bill that was received and recorded in transaction 6.
9. Hatton withdrew $1,100 cash for personal use.
Required
1. Journalise the transaction into general journal
2. Post to general ledger
3. Prepare the trial balance as at 31 July 20x5