At June 30, 2017, the end of its most recent fiscal year, Blue Computer Consutants post closing trial balance was as follows: Debit Credit $3,970 910 520 Cash Accounts receivable Supplies Accounts payable Unearned service revenuc Common stock Retained eamings $300 850 2,700 1,550 5,400 $5,400 The company underwent a major expansion in July. New staff was hired and more financing was obtained. Blue conducted the following transactions during July 2017, and adjusts its accounts monthly July Purchased equipment, paying S 2.800 cash and signing a 2-year note payable for $ 15.200. The equipment has a 4-year useful life. The note has a 6% nterest rate which 2 1 payable on the first day of each following month. Issued 15,200 shares of common stack for $38,000cash. 3 Paid $3,000 cash for a 12-month insurance policy effective July 1 3 Paid the first 2 (July and August 2017) months' rent for an annual lease of office space for $3,000 per month. 6 Paid $2,900 for supplies. 9 Visited client offices and agreed on the terms of a consulting project Blue will bill the client, Connor Productions, on the 20th of each month for services performed. 10 Collected $ 910 cash on account from Milani Brothers. This client was biled in June when Blue performed the service. 13 Performed services for Fitzgerald Enterprises. This client paid 850 in advance last month. All services relating to this payment are now completed 14 Paid $ 300 cash for autility bill. This related to June utilities that were accrued at the end of June. 16 Met with a new client, Thunder Bay Technologies. Received $9,100 cash in advance for future services to be performed. 18 Paid semi-monthly salaries for 8.400. 20 Performed services worth $21,300 on account and billed customers 20 Received a bill for $1,700 for advertising services received during July. The amount is not due until August 15. 23 Performed the first phase of the project for Thunder Bay Technologies. Recognized $ 7,600 of revenue from the cash advance received July 16. 27 Received $ 11,400 cash from customers billed on July 20 Adjustment data: 1. Adjustment of prepaid insurance. 2. Adjustment of prepaid rent. 3. Supplies used, $ 950. 4. Equipment depreciation, $ 375 per month. S. Accrual of interest on note payable. 6. Salaries for the second half of July, $8,400, to be paid on August 1. 7. Estimated utilities expense for July, 610 (invoice will be received in August) 8. Income tax for July, $ 910, will be paid in August. Prepare an adjusted trial balance. BLUE COMPUTER CONSULTANTS Trial Balances Debit Credit