The trial balance of Artistic Dry Cleaners on June 30 is given here.

and prepare a trial balance.

(SO'3, 5, 6) 7,8)

[GLS]

ARTISTIC DRY CLEANERS Trial Balance June 30, 2007 Debit Credit Cash £12,532 Accounts Receivable 10,536 Supplies 3,512 Equipment 25,950 Accounts Payable $15,800 Unearned Revenue 1,730 Common Stock 35,000

$52,530 $52,530 The July transactions were as follows.

July 8 Received $5,189 in cash on June 30 accounts receivable.

9 Paid employee salaries $2,100.

11 Received $5,100 in cash for services provided.

14 Paid creditors $10,750 of accounts payable.

17 Purchased supplies on account $520.

22 Billed customers for services provided $4,700.

30 Paid employee salaries $3,114, utilities $1,467, and repairs $492.

31 Paid $400 cash dividend.

Instructions

(a) Prepare a general ledger using T accounts. Enter the opening balances in the ledger accounts as of July 1. Provision should be made for the following additional accounts:

Dividends, Dry Cleaning Revenue, Repair Expense, Salaries Expense, and Utilities Expense.

(d) Cash $ 4,498

(b) Journalize the transactions, including explanations.

Tot. trial

(c) Post to the ledger accounts.

balance $52,100

(d) Prepare a trial balance on July 31, 2007.

deat eke