all information is included.

For the past several years, Stetly Lopez has operated a part-time consulting business from his home. As of July 1 , 20Y2, Stelfy decided to move to rented quarters and to operate the business, which was to be known as Diamond Consuting, on a full-time basis. Diamond entered into the following transactions during July: Jul. 1 The following assets were received from Stoffy Lopez in exchange tor common stock: cash, \$14,000; aceounts receivable, $20,800; supples, $3,100; and office equipment, $7,500. There were no liabities received. 1 Paid two months' rent on a lease rental contract, $4,600 2. Paid the premiums on propetty and casualty insurance policies, $4,620. 4 Received cash from clients as an advance payment tor services to be provided, and recorded it as uneamed fees, 55,000 . 5 Purchased additional office equipment on acocunt trom Otice Station Co., $6,500. 6 Receved cash from clents on account, $15,100. 10 Paid cash for a newspaper advertisomen, 5400 . 12. Paid Ollice Station Co. for part of the debt incurred on July 5,$5,200. 12 Recorded services provided on acoount for the period July 1-12, $13,300 14. Paid receptionist for two weeks' salary, \$1,700. 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,$6,750. 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, $1,700. 29 Paid telephone bill for July, \$325. 31 Paid electricity bill for July, $675. 31 Recorded cash from cash clients for fees earned for the period July 25-31, $5,400. 31 Recorded services provided on account for the remainder of July, $3,000. 31 Paid dividends, $12,500. Required: 1. Journalize each transaction in a two-column joumal starting on Page 1. (Do not insert the account numbers in the joumal at this time.) 2. Post the joumal to a ledger of four-column accounts. Add the appropriate posting reforence to the journal. 3. Prepare an unadjusted trial balance