a) Journalize the transactions.

b) Post Cash account and Account payable to the ledger accounts

Problem 4: LAYLA Company had the below economic transactions during the month of July 2021 (30points). July 1 Invested $100,000 cash in the business. 2 Hired part-tim e security consultant. Salary will be $2,000 per m onth. First day of work will be July 15 . 8 Purchased equipm ent for $28,000, paying $14,000 cash and the balance on account. 9 Paid $600 for advertising. 10 Received bill for equipm ent repair cost of $490. 12 Provided services for $6,800 on account. 14 Paid one m onth of rent for building for $2,000. 16 Purchased supplies for $710 on account. 21 Paid balance due from July8 purchase of equipment. 24 Received and paid utility bill for $200. 27 Received paym ent of half of the balance from customerfor July 12 services performed. 31 Paid employee salaries and wages of $5000. a) Journalize the transactions