The following T-accounts summarize the operations of Chen Construction Company for July 2019. Required: 1. Assuming that

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The following T-accounts summarize the operations of Chen Construction Company for July 2019.

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Required:
1. Assuming that only one transaction occurred on each day (beginning on July 2) and that no dividends were paid, describe the transactions that most likely took place.
2. Prepare a trial balance at July 31, 2019.
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