So here is what I came up with thus far. Any guidance would be great and most appreciated. For Requirement 1:
Cash Accounts Recievable
5900.00 6700 5900.00
14100
19300 Office Furniture
5200.00 Office Supplies Parker Capital
900.00 19300 Accounts Payable Service Revenue
900 5900
1500 14100
1700 Parker drawings Salary Expense
6700.00 1700.00 Rent Expense
1500.00 For Requirement 2:
A. Journal Entry Cash (A ) 14100
Parker Capital (Q ) 14100 A. Journal Entry Office furniture (A ) 5200
Accounts payable (L ) 5200 A. Journal Entry Parker Capital (Q ) 19300
Cash (A-) 19300 B. Journal Entry Rent Expense (E ) 1500
Cash (A-) 1500 C. Journal Entry Office Supplies (A ) 900
Accounts payable (L ) 900 D. Journal Entry Salary Expense (E ) 1700
Cash (A-) 1700 E. Journal Entry Accounts Payable (L-) 700
Cash (A-) 700 F. Journal Entry Accounts receivable (A ) 5900
Service revenue (R ) 5900 G. Journal Entry Parker Drawing (D ) 6700
Cash (A-) 6700 For Requirement 3:
Teresa ParkerCPA
Trial Balance
December 31 2012 Account Title
Balance
D C Cash 22800
Accounts receivable 5900
Supplies 900
Furniture 5200
Accounts payable 5400
Parker Capital 33400
Parker drawing 6700
Service Revenue 5900
Salary Expense 1700
Rent Expense 1500 Total 44700 44700