Refer to Exercise 2-7 for the transactions of Yula’s Yoga.
Mar. 1 The business received a $15,000 cash investment from Yula Gregore to start Yula’s Yoga.
1 Paid $4,000 cash to rent a yoga studio for the month of March.
4 Purchased studio supplies for $4,000 on account.
6 Presented a wellness seminar for a corporate customer and received cash, $3,000.
9 Paid $1,000 on accounts payable.
17 Taught yoga classes for customers on account, $800.
Required
1. After journalizing the transactions of Exercise 2-7, post the entries to T-accounts. Identify transactions by their date. Date the ending balance of each account Mar. 31.
2. Prepare the unadjusted trial balance of Yula’s Yoga at March 31, 2017.
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