2. Add the missing information to the Ledger's debit / credit balance, which are indicated by blue dashes below the prompt for Steffy Lopez. (Work
2. Add the missing information to the Ledger's debit / credit balance, which are indicated by blue dashes below the prompt for Steffy Lopez. (Work nearly COMPLETE, I need help with the determination of the Debit / Credit BALANCE in the Ledger pretty please. Attaching the COMPLETE work of the General Journal, Unadjusted Trial Balance, Adjusted Trial Balance, Income Statement, Statement of Stockholders' Equity, Balance Sheet, and Post-closing Trial Balance beneath the Ledger for reference :)
For the past several years, Steffy Lopez has operated a part-time consulting business from his home. As of July 1, 20Y2, Steffy decided to move to rented quarters and to operate the business, which was to be known as Diamond Consulting, on a full-time basis. Diamond entered into the following transactions during July:
| Jul. | 1 | The following assets were received from Steffy Lopez in exchange for common stock: cash, $12,500; accounts receivable, $20,800; supplies, $3,200; and office equipment, $7,000. There were no liabilities received. |
| | 1 | Paid two months rent on a lease rental contract, $4,800. |
| | 2 | Paid the premiums on property and casualty insurance policies, $4,860. |
| | 4 | Received cash from clients as an advance payment for services to be provided, and recorded it as unearned fees, $5,500. |
| | 5 | Purchased additional office equipment on account from Office Station Co., $6,500. |
| | 6 | Received cash from clients on account, $15,100. |
| | 10 | Paid cash for a newspaper advertisement, $400. |
| | 12 | Paid Office Station Co. for part of the debt incurred on July 5, $5,200. |
| | 12 | Recorded services provided on account for the period July 112, $13,300. |
| | 14 | Paid receptionist for two weeks salary, $1,800. |
Record the following transactions on Page 2 of the journal:
| Jul. | 17 | Recorded cash from cash clients for fees earned during the period July 117, $9,450. |
| | 18 | Paid cash for supplies, $600. |
| | 20 | Recorded services provided on account for the period July 1320, $6,650. |
| | 24 | Recorded cash from cash clients for fees earned for the period July 1724, $4,000. |
| | 26 | Received cash from clients on account, $12,000. |
| | 27 | Paid receptionist for two weeks salary, $1,800. |
| | 29 | Paid telephone bill for July, $350. |
| | 31 | Paid electricity bill for July, $675. |
| | 31 | Recorded cash from cash clients for fees earned for the period July 2531, $5,300. |
| | 31 | Recorded services provided on account for the remainder of July, $3,000. |
| | 31 | Paid dividends, $12,500. |
At the end of July, the following adjustment data were assembled.
| (a) | Insurance expired during July is $405. |
| (b) | Supplies on hand on July 31 are $1,550. |
| (c) | Depreciation of office equipment for July is $750. |
| (d) | Accrued receptionist salary on July 31 is $180. |
| (e) | Rent expired during July is $2,400. |
| (f) | Unearned fees on July 31 are $2,750. |
Chart of Accounts
Label Amount and Descriptions 
2A. I posted the journal to a Ledger of four-column accounts and added posting references. 2B. Post the adjusting entries, inserting balances in the accounts affected. 2C. Post the closing entries, inserting balances in the accounts affected. (PREVIOUS WORK of the General Journal, Unadjusted Trial Balance, Adjusted Trial Balance, Income Statement, Statement of Stockholders' Equity, Balance Sheet, and Post-closing Trial Balance ATTACHED BENEATH ledger FOR REFERENCE :) Ledger 
(PREVIOUS WORK of the General Journal, Unadjusted Trial Balance, Adjusted Trial Balance, Income Statement, Statement of Stockholders' Equity, Balance Sheet, and Post-closing Trial Balance ATTACHED BENEATH FOR REFERENCE :) General Journal: 
Unadjusted Trial Balance 
Adjusted Trial Balance 
Income Statement 
Statement of Stockholders' Equity 
Balance Sheet 
Post-closing Trial Balance 
Thank you for saving me, I promise to upvote.
CHART OF ACCOUNTS Diamond Consulting General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 14 Supplies EXPENSES 15 Prepaid Rent 51 Salary Expense 16 Prepaid Insurance 52 Rent Expense 18 Office Equipment 53 Supplies Expense 19 Accumulated Depreciation 54 Depreciation Expense 55 Insurance Expense LIABILITIES 59 Miscellaneous Expense 21 Accounts Payable 22 Salaries Payable 23 Unearned Fees EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends Labels Current assets Current liabilities Expenses For the Month Ended July 31,20Y2 July 31,20Y2 Property, plant, and equipment Revenues Amount Descriptions Balances, July 1,20Y2 Balances, July 31, 20Y2 Dividends Issued common stock Net income Net loss Total assets Total current assets Total expenses Total liabilities Total liabilities and stockholders' equity Total property, plant, and equipment Total stockholders' equity Account: Fees Earned Account No. 41 Account: Salary Expense Account No. 51 Aocount: Rent Expense Account No. 52 Account No. 59 PAGE 2 6. A. Journalize the adjusting entries on page 3 of the journal. Adjusting entries are recorded on July 31. How does grading work? 9. A. Journalize the closing entries on page 4 of the journal. Unadjusted Trial Balance 3. Prepare an unadjusted trial balance. How does grading work? Diamond Consulting Score: 62/62 UNADJUSTED TRIAL BALANCE July 31,20Y2 \begin{tabular}{|l|l|r|r|} \hline & \multicolumn{1}{|c|}{ ACCOUNT TITLE } & DEBIT & CREOIT \\ \hline 1 & Cash & 30,865.00 & \\ \hline 2 & Accounts Receivable & 16,650.00 & \\ \hline 3 & Supplies & 3,800,00 & \\ \hline 4 & Prepaid Rent & 4,800.00 & \\ \hline 5 & Prepaid Insurance & 4,860.00 & \\ \hline 6 & Office Equipment & 13,500.00 & \\ \hline 7 & Accumulated Depreciation & & \\ \hline 8 & Accounts Payable & & \\ \hline 9 & Salaries Payable & & 1,300.00 \\ \hline 10 & Unearned Fees & & \\ \hline 11 & Common Stock & & 5,500.00 \\ \hline & & & 43,500.00V \\ \hline \end{tabular} 12 Retained Earnings 13 Dividends 14 Fees Earned 15 Salary Expense 16 Rent Expense 17 Supplies Expense 18 Depreciation Expense 19 Insurance Expense 20 Miscellaneous Expense 21 Totals \begin{tabular}{|c|c|} \hline 1,425,00 & \\ \hline 92,000.00 & 92,000.00 \\ \hline \hline \end{tabular} Adjusted Trial Balance 7. Prepare an adjusted trial balance. How does grading work? Diamond Consulting Score: 80/80 ADJUSTED TRIAL BALANCE July 31,20 Y2 8A. Prepare an income statement for the month ended July 31, 20 Y2. Income Statement instructions 8B. Prepare a statement of stockholders' equity for the month ended July 31,20Y2. Statement of Stockholders' Equity Instructions 8C. Prepare a balance sheet as of July 31,20 Y2. 10. Prepare a post-closing trial balance. CHART OF ACCOUNTS Diamond Consulting General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 14 Supplies EXPENSES 15 Prepaid Rent 51 Salary Expense 16 Prepaid Insurance 52 Rent Expense 18 Office Equipment 53 Supplies Expense 19 Accumulated Depreciation 54 Depreciation Expense 55 Insurance Expense LIABILITIES 59 Miscellaneous Expense 21 Accounts Payable 22 Salaries Payable 23 Unearned Fees EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends Labels Current assets Current liabilities Expenses For the Month Ended July 31,20Y2 July 31,20Y2 Property, plant, and equipment Revenues Amount Descriptions Balances, July 1,20Y2 Balances, July 31, 20Y2 Dividends Issued common stock Net income Net loss Total assets Total current assets Total expenses Total liabilities Total liabilities and stockholders' equity Total property, plant, and equipment Total stockholders' equity Account: Fees Earned Account No. 41 Account: Salary Expense Account No. 51 Aocount: Rent Expense Account No. 52 Account No. 59 PAGE 2 6. A. Journalize the adjusting entries on page 3 of the journal. Adjusting entries are recorded on July 31. How does grading work? 9. A. Journalize the closing entries on page 4 of the journal. Unadjusted Trial Balance 3. Prepare an unadjusted trial balance. How does grading work? Diamond Consulting Score: 62/62 UNADJUSTED TRIAL BALANCE July 31,20Y2 \begin{tabular}{|l|l|r|r|} \hline & \multicolumn{1}{|c|}{ ACCOUNT TITLE } & DEBIT & CREOIT \\ \hline 1 & Cash & 30,865.00 & \\ \hline 2 & Accounts Receivable & 16,650.00 & \\ \hline 3 & Supplies & 3,800,00 & \\ \hline 4 & Prepaid Rent & 4,800.00 & \\ \hline 5 & Prepaid Insurance & 4,860.00 & \\ \hline 6 & Office Equipment & 13,500.00 & \\ \hline 7 & Accumulated Depreciation & & \\ \hline 8 & Accounts Payable & & \\ \hline 9 & Salaries Payable & & 1,300.00 \\ \hline 10 & Unearned Fees & & \\ \hline 11 & Common Stock & & 5,500.00 \\ \hline & & & 43,500.00V \\ \hline \end{tabular} 12 Retained Earnings 13 Dividends 14 Fees Earned 15 Salary Expense 16 Rent Expense 17 Supplies Expense 18 Depreciation Expense 19 Insurance Expense 20 Miscellaneous Expense 21 Totals \begin{tabular}{|c|c|} \hline 1,425,00 & \\ \hline 92,000.00 & 92,000.00 \\ \hline \hline \end{tabular} Adjusted Trial Balance 7. Prepare an adjusted trial balance. How does grading work? Diamond Consulting Score: 80/80 ADJUSTED TRIAL BALANCE July 31,20 Y2 8A. Prepare an income statement for the month ended July 31, 20 Y2. Income Statement instructions 8B. Prepare a statement of stockholders' equity for the month ended July 31,20Y2. Statement of Stockholders' Equity Instructions 8C. Prepare a balance sheet as of July 31,20 Y2. 10. Prepare a post-closing trial balance
