A B C D E F G H J K 1 Requirement #1: 2 During its first month of operation, the True Consulting Corporation,

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A B C D E F G H J K 1 Requirement #1: 2 During its first month of operation, the True Consulting Corporation, which specializes in management consulting, 3 completed the following transactions. 4 5 July 1 Issued 15,000 shares of the company's common stock in exchange for $15,000. 7 July 3 Purchased a truck for $8,000. A down payment of $3,000 was made, with the balance on account. 6 8 9 July 5 10 11 July 7 12 13 July 10 14 15 July 14 16 17 July 15 18 19 July 19 20 21 July 21 22 23 July 31 24 25 July 31 26 Paid $1,200 to cover rent from July 1 through September 30. Purchased $2,000 of supplies on account. Billed customers for consulting services performed, $3,700. Paid $500 toward the amount owed for the supplies purchased on July 7. Paid $1750 in cash for employee wages. Collected $1600 in cash from customers that were billed on July 10. Received $4,200 cash from customers for services performed. Paid $350 in cash for truck repairs. Declared and Paid $700 in cash dividends. 27 Prepare journal entries to record the July transactions in the General Journal below.