20X1 Jul. Jim invested $40,000 cash and photography equipment valued at $20,000 in che business. 1 Purchased office supplies for cash, $1,300. 1 Purchased photography supplies on account. $6,700. 1 Paid July rent, $1,700. 1 Paid for a newspaper ad, $500. 2 Purchased office equipment on account, $6,750. 2. Paid property insurance for the upcoming year, $3,600. 3 Purchased a computer system and software, $3,200, by issuing a norc payable, 5 Paid for promotional handouts, $150. 6 Paid miscellaneous expenses, $175, 7 Paid salaries of employees, $1,400. 7 Recorded week's cash receipts for photo work, $1,350. Jul. 8 Paid for carpet deaning (a miscellaneous expense). $75. 9 Recorded photo work done for a customer on account, $855. 9 Purchased additional photography supplies on account, $3,200. 10 Purchased additional photography equipment for cash, $3.500. 10 Entered into a contract with Southside Food Vendors to place vending machines in the waiting room. Jiin is to receive 10% of all sales, with a minimum of $200 monthly. Received $200 as an advance payment. 1 Purchased furniture for the lobby area, $1.700. Paid cash in full 12 Paid cash for the installation of overhead lighting fixtures, $900. 15 Recorded second weck's cash receipts for photo work, $2.170. 15 Paid weekly salaries, $1,400. 17 Jim withdrew cash for personal use, $800. 18 Paid for TV ud. $710. 19 Paid for repair to equipment, $80. 19. Collected $500 for the photo work done on account on July 9, 22 Recorded third weck's cash receipts for photo work, $2.045. 22 Paid weekly salaries, $1,400. 23 Did a special wedding phow session for a customer on credit. $550, 28 Recorded fourth week's cash receipts for photo work, $1.995. 29 Paid salaries of employees, $1,400. 30 Paid water bill for July, $75. 30 Paid electric bill for July, $1.095, 31 Made a $500 payment on the more for the computer purchased on July 3. 31 Made a payment for the office equipment purchased on all count, $2.000 31 Made a payment on the photography supplies purchased on account. $1.000, 31 Wrote a business check to pay for Jim's home phone bill. $310 31 Southside Food Vendors reported a total of $2.800 of vending machine sale for July. Ten percent of these sales is $280. Since 200 had alreally been received and recorded in July, Jan was awed $ Received the $80 ack a H H Click to add header Data Entry Cells * Enter data in cells as needed. 2. Arnold's Photos Post-Closing Trial Balance July 31, 20X1 ACCOUNT TITLE DEBIT CREDIT