(Solved): Julia Dumars is a licensed CPA. During the first month of operations of her business, Novak ...

Julia Dumars is a licensed CPA. During the first month of operations of her business, Novak Corp. the following events and transactions occurred. May 1 Stockholders invested $$\$21,400$$ cash in exchange for common stock. 2 Hired a secretary-receptionist at a salary of $$\$2,500$$ per month. 3 Purchased $$\$1,700$$ of supplies on account from Vincent Supply Company. 7 Paid office rent of $$\$750$$ cash for the month. 11 Completed a tax assignment and billed client $$\$2,900$$ for services performed. 12 Received $$\$2,800$$ advance on a management consulting engagement. 17 Received cash of $$\$1,800$$ for services performed for Orville Co. 31 Paid secretary-receptionist $$\$2,500$$ salary for the month. 31 Paid 50\% of balance due Vincent Supply Company. Julia Dumars uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, 110. 209 Unearned Service Revenue, No. 311 Common Stock. No. 400 Service Revenue. No. 726 Salaries and Wages Expense. and IIO.729 Rent Expense. Prepare a trial balanceon May 31, 2019.