Instructions
a Journalize and post the July transactions. Use page J for the journal and the threecolumn form of
account.
b Prepare a trial balance at July on a worksheet.
c Enter the following adjustments on the worksheet and complete the worksheet.
Unbilled and uncollected revenue for services performed at July were $
Depreciation on equipment for the month was $
Onetwelfth of the insurance expired.
An inventory count shows $ of cleaning supplies on hand at July
Accrued but unpaid employee salaries were $
d Prepare the income statement and owners equity statement for July and a classifi ed balance sheet at
July
e Journalize and post adjusting entries. Use page J for the journal.
f Journalize and post closing entries and complete the closing process. Use page J for the journal.
g Prepare a postclosing trial balance at July
