Karleen’s Catering Service provides catered meals to individuals and businesses.
Karleen’s purchases its food ready to serve from Mel’s Restaurant. In order to prepare a realistic trial balance, the events described below are aggregations of many individual events during 2009.
a. During the year, Karleen’s paid office rent of $11,500.
b. Telephone expenses incurred and paid were $950.
c. Wages of $67,400 were earned by employees and paid during the year.
d. During the year, Karleen’s provided catering services:
On credit ………………….$142,100
For cash …………………… 21,700
e. Karleen’s paid $62,100 for food and beverage supplies purchased.
f. Karleen’s paid dividends in the amount of $4,000.
g. Karleen’s collected accounts receivable in the amount of $134,200.

Required:
1. Analyze the events for their effect on the accounting equation.
2. Prepare journal entries (ignore the date since these events are aggregations of individual events).
3. Post the journal entries to ledger accounts.
4. Prepare a trial balance. Assume that all beginning account balances at January 1, 2009, are zero.