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1: prepare the journal entries for the july transactions 2:prepare the journal entries to the T accounts provided 3:prepare the Unadjusted trial balance On July

1: prepare the journal entries for the july transactions
2:prepare the journal entries to the T accounts provided
3:prepare the Unadjusted trial balance image text in transcribed
image text in transcribed
On July 1, Lula Plume created a new self-storage business, Safe Storage Co. The following transactions occurred during the company's first month. July 1 Plume invested $30,000 cash and buildings worth $150,000 in the company. 2 The company rented equipment by paying $2,000 cash for the first month's (July) rent. 5 The company purchased $2,400 of office supplies for cash. 10 The company paid $7.200 cash for the premium on a 12-month insurance policy. Coverage begins on July 11. 14 The company paid an employee $1,000 cash for two weeks' salary earned. 24 The company collected $9,800 cash for storage fees from customers. 28 The company paid $1,000 cash for two weeks' salary earned by an employee. 29 The company paid $950 cash for minor repairs to a leaking roof. 30 The company paid $400 cash for this month's telephone bill. 31 Plume withdrew $2,000 cash from the company for personal use. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 173 Buildings 174 Accumulated Depreciation-Buildings 209 Salaries Payable 301 L. Plume, Capital 302 L. Plume, Withdrawals 401 Storage Fees Earned 606 Depreciation Expense-Buildings 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Income Summary T - Accounts Cash Accounts Receivable Office Supplies Prepaid Insurance Buildings Acc Dep-Building Salaries Payable L. Plume, Capital L. Plume, Withdrawals Storage Fees Earned Dep Exp-Bldgs Salaries Exp Insurance Exp Rent Exp O ff Supplies Exp Repairs Exp Telephone Exp Income Summary

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