Instructions a. Journalize and post the July transactions. Use page J1 for the journal...

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Accounting

Instructions
a. Journalize and post the July transactions. Use page J1 for the journal and the three-column form of
account.
b. Prepare a trial balance at July 31 on a worksheet.
c. Enter the following adjustments on the worksheet and complete the worksheet.
1. Unbilled and uncollected revenue for services performed at July 31 were $2,700.
2. Depreciation on equipment for the month was $500.
3. One-twelfth of the insurance expired.
4. An inventory count shows $600 of cleaning supplies on hand at July 31.
5. Accrued but unpaid employee salaries were $1,000.
d. Prepare the income statement and owners equity statement for July and a classifi ed balance sheet at
July 31.
e. Journalize and post adjusting entries. Use page J2 for the journal.
f. Journalize and post closing entries and complete the closing process. Use page J3 for the journal.
g. Prepare a post-closing trial balance at July 31.
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