30 31 General Journal 32 Date Description(Account Name) Debit Credit 33 1-Jul Cash 60,000 34 Common Stock 60,000 35 3-Jul Rent Expense 3,500 36 Cash 3,500 37 5-Jul Prepaid Insurance 4,200 38 Cash 4,200 39 7-Jul Supplies 1,000 40 Accounts Payable 1,000 41 10-Jul Salaries Expense 3,500 42 Cash 3,500 43 14-Jul Equipment 10,000 44 Cash 2,500 45 Accounts Payable 7,500 46 15-Jul Cash 8,000 47 Tax Preparation Revenue 8,000 48 19-Jul Accounts Payable 500 49 Cash 500 50 31-Jul Cash 9,000 51 Tax Preparation Revenue 9,000 52 31-Jul Dividends 600 53 Cash 600 54 55 56 57 58 59 60 Instructions Journal Entries General Ledger Trial Balance Ready Type here to search Requirement #2: Post the July journal entries to the following T-accounts and compute ending balances. 5 Cash (111) 60000 8000 9000 Tax Preparation Revenue 17000 ol 3500 4200 3500 2500 500 600 62200 7 B 9 10 11 12. 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Prepaid Insurance (117) 0 4200 350 3850 Rent Expense (511) 0 3500 350 Supplies (119) 0 1000 Salaries Expense (512) 0 3500 1000 3500 0 Instructions Journal Entries General Ledger Trial Balance Ready Adjusting Entries Adjuste A Type here to search o BE " ? 1** 11 * A E B D Equipment (144) 0 7500 2500 Insurance Expense (513) 0 350 350 0 10000 Accumulated Depreciation Equipment (145) Supplies Expense (514) Accounts Payable (212) 500 Depreciation Expense (515) 0 1000 7500 8000 3 7 8 9 0 51 52 53 54 55 56 57 58 59 60 61 62 Income Tax Payable (213) Income Tax Expense (516) Common Stock (311) 0 Instructions Journal Entries General Ledger Retained Earnings 23121 Trial Balance Adjusting Entries Adjusted Trial Ba Type here to search O RI Income Summary D E A B Common Stock (311) 0 60000 60000 Retained Earnings (312) 600 9050 0 9650 Dividonds (313 0 600 600 0 Income Summary 3 1 2 3 Instructions Journal Entries General Ledger Trial Balance Rady Adjusting Entries Adjusted Trial B Type here to search O