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post closing trial balance

(a) enter the July 1 balances in the ledger accounts

(b) journalize the july transactions

(c) post the journal entries to the ledger accounts

(d) Journalize and post the adjusting entries for the month ending July 31

(e) journalize and post closing entries

(f) prepare a post closing trial balance at July 31 using the form provided

transactions during dily 2017 , and adgusts its accounts menthly. bsinterest rate which is pyable on the frat dey of esch followine mooth. 2 lisued 20,000 thares of cammonstock for 5501000coth 3 Paid 53600 cahh for a 12 month inuirince pelicy ellectlve July 1. J Pald the fint 2 (luly and Augut 2017 month' tent for an anwail irwe of office soce for 54000 per aicnth. 6. Paid 5300 for uupies: Visited dient effices and ayreed en the terms of a conwities project. Creen Pover witibili the client, Connor Productions, on the 2ath of exch monthfor services pertormed. 10 Collected 51.200 castion acceurt frem Miani Brothers. This clent was bilked in dune when Green Piver pedormed the service. 13 Ferformed werices for Fitserald Enterprises. Twis cient paid 51.120 in atvance last month All services relatire to this purment are now completed 14 Pald 5400 cash for a velisty bat. This frlated to June iniinies that were accnued at the end of hune. 16 Met with a oow client, Thunder fley tectnolosieh. Rexeind $12,000 cash in advance for tuture services to be performed. 19. Paid semi-menthly salaries for 511.000 20 Perlormed services worth $28.000 en aocount ard billed catomers. 20 Aecelved a bill for 32.200 foe adwriaine shrices recelved surice duly the anovot is not due until August 15. 2t Ancchad 515,000 tash trum centomers Gilied on luy 20 1. Adjustment of prepaid insurance. 2. Adiustment of prepaid rent. 3. Supplies used, $1.250 4. Equipment depreciation 5500 per month. 5. Accrual of interett on note payable. 6. 5alaries for the second half of July, 511.000, to be paid on August 1. 7. Estimated utilities expense for July, 5000 (invoice will be received in August). 8. Income tax for fuly. $1.200. will be paid in Ausust

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