Ashley Somers owns San Diego Art Company, a firm providing designs for advertisers, market analysts, and others. On July 1, the business's general ledger showed the following normal account balances:

Cash	$10,900	Accounts Payable	$2,400
Accounts Receivable	10,200	Notes Payable	5,400
		Common Stock	10,900
		Retained Earnings	2,400
Total Assets	$21,100	Total Liabilities and Stockholders' Equity	$21,100

The following transactions occurred during the month of July:

July	1	Paid July rent, $1,070.
	2	Collected $8,500 on account from customers.
	3	Paid $2,900 installment due on the $5,400 noninterest-bearing note payable.
	4	Billed customers for design services rendered on account, $19,950.
	5	Rendered design services and collected from cash customers, $1,600.
	6	Paid $2,100 to creditors on account.
	7	Collected $15,150 on account from customers.
	8	Paid a delivery service for delivery of graphics to commercial firms, $800.
	9	Paid July salaries, $5,000.
	10	Received invoice for July advertising expense, to be paid in August, $1,000.
	11	Paid utilities for July, $750.
	12	The business paid a $2,400 cash dividend.
	13	Received invoice for supplies used in July, to be paid in August, $2,660.
	14	Purchased computer for $4,700 cash to be used in business starting next month.

Required:

a. Set up accounts for the general ledger accounts with July 1 balances and enter the beginning balances. Also provide the following accounts: Equipment; Dividends; Service Fees Earned; Rent Expense; Salaries Expense; Delivery Expense; Advertising Expense; Utilities Expense; and Supplies Expense. Prepare journal entries and record the listed transactions in the appropriate T-accounts.