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Record the following transactions on Page 2 of the journal:

Jul.	17	Recorded cash from cash clients for fees earned during the period July 117, $9,450.
	18	Paid cash for supplies, $600.
	20	Recorded services provided on account for the period July 1320, $6,750.
	24	Recorded cash from cash clients for fees earned for the period July 1724, $4,000.
	26	Received cash from clients on account, $12,000.
	27	Paid receptionist for two weeks salary, $1,700.
	29	Paid telephone bill for July, $325.
	31	Paid electricity bill for July, $675.
	31	Recorded cash from cash clients for fees earned for the period July 2531, $5,400.
	31	Recorded services provided on account for the remainder of July, $3,000.
	31	Paid dividends, $12,500.

	Required:
1.	Journalize each transaction in a two-column journal starting on Page 1, referring to the chart of accounts in selecting the accounts to be debited and credited. (Do not insert the account numbers in the journal at this time.)
2.	Post the journal to a ledger of four-column accounts. Add the appropriate posting reference to the journal.
3.	Prepare an unadjusted trial balance.
4.	At the end of July, the following adjustment data were assembled. Analyze and use these data to complete requirements (5) and (6). A. Insurance expired during July is $385. B. Supplies on hand on July 31 are $1,525. C. Depreciation of office equipment for July is $750. D. Accrued receptionist salary on July 31 is $170. E. Rent expired during July is $2,400. F. Unearned fees earned on July 31, $2,250.
5.	(Optional) On your own paper or spreadsheet, enter the unadjusted trial balance on an end-of-period work sheet and complete the work sheet.
6.	A. Journalize the adjusting entries on page 3 of the journal. Adjusting entries are recorded on July 31. Refer to the Chart of Accounts for exact wording of account titles. B. Post the adjusting entries, inserting balances in the accounts affected.
7.	Prepare an adjusted trial balance.

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