Quiz 2nd: SALEEM CONSULTING

As of October 1, 2019, Kareem Ismail decided to operate a business, which was to be known as
Saleem Consulting. Saleem Consulting entered into the following transactions during October:
Oct. 1 The following assets and liabilities were received from Kareem Ismail: cash, $18,000
accounts receivable, $5,000 supplies, $1,500, office equipment, $10,750; and account
payable, $2,000 .
1 Paid three months’ rent on a lease rental contract, $4,800.
2 Paid the premiums on property and casualty insurance policies, $2,700.
4 Received cash from clients as an advance payment for services to be provided and
recorded it as unearned fees, $3,150.
5 Purchased additional office equipment on account from Office Station Co., $1250.
6 Received cash from clients on account, $2,000.
10 Paid cash for a newspaper advertisement, $325.
12 Paid Office Station Co. for part of the debt incurred on October 5, $750.
12 Recorded services provided on account for the period October 1–12, $5,750.
14 Paid part-time receptionist for two weeks’ salary, $900.
17 Recorded cash from cash clients for fees earned during the period October 1–17, $9,250.

18 Paid cash for supplies, $600.

20 Recorded services provided on account for the period October 13–20, $4,100.
24 Recorded cash from cash clients for fees earned for the period October 17–24, $4,850.
26 Received cash from clients on account, $3,450.
27 Paid part-time receptionist for two weeks’ salary, $900.
29 Paid telephone bill for October, $250.
31 Paid electricity bill for October, $300.
31 Recorded cash from cash clients for fees earned for the period October 25–31, $3,975.

Required:
a. Where relevant, journalize each transaction during October 2019 above. Saleem
Consulting using the following chart of accounts:

b. Prepare an unjusted trial balance per 31 October 2019 for Saleem Consulting.