1-Dec Cash 200,000.

00
Smith, Capital 200,000.00

2 Prepaid Rent 24,000.00

Cash 24,000.00

Supplies 10,000.00
Accounts Payable 10,000.00

3 Office Equipment 80,000.00

Cash 30,000.00
Accounts Payable 50,000.00

5 Cash 20,000.00
Unearned Consulting Revenues 20,000.00

8 Accounts Payable 10,000.00

Cash 10,000.00

14 Salaries Expense 10,000.00

Cash 10,000.00

20 Cash 30,000.00
Consulting Revenues 30,000.00

28 Salaries Expense 10,000.00

Cash 10,000.00

30 Fees Receivable 50,000.00

Consulting Revenues 50,000.00

31 Smith, Withdrawal 15,000.00

Cash 15,000.00

Adjustments:
Supplies Expense 7,000.00
Supplies 7,000.00

Salaries Expense 2,000.00

Salaries Payable 2,000.00

Depreciation Expense 12,000.00

Accumulated Depreciation 12,000.00
Unearned Consulting Services 10,000.00
Consulting Revenue 10,000.00

Rent Expense 8,000.00

Prepaid Rent 8,000.00