At June 30, 2017, the end of its most recent fiscal year, Blue Computer Consultants post closing trial balance was as follows Debit Credit Cash $6,380 Accounts receivable 1,460 Supplies 840 Accounts payable $490 Unearned service revenue 1,370 Common stock 4,400 Retained earnings 2,420 $8,680 $8,680 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 1 Purchased equipment, paying $4,400 cash and signing a 2 year note payable for $24,400 The equipment has a 4 year useful life The note has a 6 interest rate which is payable on the first day of each following month 2 Issued 24,400 shares of common stock for $61,000 cash 3 Paid $4,200 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 $4,900 per month 6 Paid $4,600 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 $1,460 cash on account from Milani Brothers This client was billed in June when Blue performed the service 13 Performed services for Fitzgerald Enterprises This client paid $1,370 in advance last month All services relating to this payment are now completed 14 Paid $490 cash for a utility bill This related to June utilities that were accrued at the end of June 16 Met with a new client, Thunder Bay Technologies Received $14,600 cash in advance for future services to be performed 18 Paid semi monthly salaries for $13,400 20 Performed services worth $34,200 on account and billed customers 20 Received a bill for $2,700 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 $12,200 of revenue from the cash advance received July 16 27 Received $18,300 cash from customers billed on July 20 Adjustment data 1 Adjustment of prepaid insurance 2 Adjustment of prepaid rent 3 Supplies used, $1,550 4 Equipment depreciation, $600 per month 5 Accrual of interest on note payable 6 Salaries for the second half of July, $13,400, to be paid on August 1 7 Estimated utilities expense for July, $980 (invoice will be received in August) 8 Income tax for July, $1,460, will be paid in August The chart of accounts for Blue Computer Consultants contains the following accounts Cash, Accounts Receivable, Supplies, Prepaid Insurance Prepaid Rent, Equipment, Accumulated DepreciationEquipment, Accounts Payable, Notes Payable, Interest Payable, Income Taxes Payable, Salaries and Wages Payable, Unearned Service Revenue, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Supplies Expense, Depreciation Expense, Insurance Expense, Salaries and Wages Expense, Advertising Expense, Income Tax Expense, Interest Expense, Rent Expense, Supplies Expense, and Utilities Expense Here is the adjusted trial balance Adjusted Trial Balance ACCOUNT DEBIT CREDIT Cash $64,850 Accounts Receivable $15,900 Supplies $3,890 Accounts Payable $ 3,680 Unearned Service Revenue $ 2,400 Common stock $ 65,400 Retained earning(beginning) $ 2,420 Notes payable $ 24,400 Equipment $28,800 Prepaid Insurance $3,850 Prepaid Rent $4,900 Sevice Revenue $ 47,770 Salaries and Wages expense $26,800 Salaries and Wages Payable $ 13,400 Advertising expense $2,700 Insurance expense $350 Rent Expense $4,900 Supplies Expense $1,550 Depreciation expense $600 Accumulated depreciation $ 600 Interest expense $122 Interest payable $ 122 Utilities expense $980 Income tax expense $1,460 Income tax payable $ 1,460 Total $161,652 $161,652 So with all this info can you Journalize and post closing entries and complete the closing process (Credit account titles are automatically indented when the amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter 0 for the amounts For accounts that have zero ending balance, the entry should be the balance date and zero for the amount )

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At June 30, 2017, the end of its most recent fiscal year, Blue Computer Consultants post-closing trial balance was as follows: Debit Credit Cash $6,380

At June 30, 2017, the end of its most recent fiscal year, Blue Computer Consultants post-closing trial balance was as follows:

	Debit	Credit
Cash	$6,380
Accounts receivable	1,460
Supplies	840
Accounts payable		$490
Unearned service revenue		1,370
Common stock		4,400
Retained earnings		2,420
	$8,680	$8,680

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	1	Purchased equipment, paying $4,400 cash and signing a 2-year note payable for $24,400. The equipment has a 4-year useful life. The note has a 6% interest rate which is payable on the first day of each following month.
	2	Issued 24,400 shares of common stock for $61,000 cash.
	3	Paid $4,200 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 $4,900 per month.
	6	Paid $4,600 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 $1,460 cash on account from Milani Brothers. This client was billed in June when Blue performed the service.
	13	Performed services for Fitzgerald Enterprises. This client paid $1,370 in advance last month. All services relating to this payment are now completed.
	14	Paid $490 cash for a utility bill. This related to June utilities that were accrued at the end of June.
	16	Met with a new client, Thunder Bay Technologies. Received $14,600 cash in advance for future services to be performed.
	18	Paid semi-monthly salaries for $13,400.
	20	Performed services worth $34,200 on account and billed customers.
	20	Received a bill for $2,700 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 $12,200 of revenue from the cash advance received July 16.
	27	Received $18,300 cash from customers billed on July 20.

Adjustment data:

1.		Adjustment of prepaid insurance.
2.		Adjustment of prepaid rent.
3.		Supplies used, $1,550.
4.		Equipment depreciation, $600 per month.
5.		Accrual of interest on note payable.
6.		Salaries for the second half of July, $13,400, to be paid on August 1.
7.		Estimated utilities expense for July, $980 (invoice will be received in August).
8.		Income tax for July, $1,460, will be paid in August.

The chart of accounts for Blue Computer Consultants contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance. Prepaid Rent, Equipment, Accumulated DepreciationEquipment, Accounts Payable, Notes Payable, Interest Payable, Income Taxes Payable, Salaries and Wages Payable, Unearned Service Revenue, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Supplies Expense, Depreciation Expense, Insurance Expense, Salaries and Wages Expense, Advertising Expense, Income Tax Expense, Interest Expense, Rent Expense, Supplies Expense, and Utilities Expense.

Here is the adjusted trial balance


Adjusted Trial Balance
ACCOUNT	DEBIT	CREDIT
Cash	$64,850
Accounts Receivable	$15,900
Supplies	$3,890
Accounts Payable		$ 3,680
Unearned Service Revenue		$ 2,400
Common stock		$ 65,400
Retained earning(beginning)		$ 2,420
Notes payable		$ 24,400
Equipment	$28,800
Prepaid Insurance	$3,850
Prepaid Rent	$4,900
Sevice Revenue		$ 47,770
Salaries and Wages expense	$26,800
Salaries and Wages Payable		$ 13,400
Advertising expense	$2,700
Insurance expense	$350
Rent Expense	$4,900
Supplies Expense	$1,550
Depreciation expense	$600
Accumulated depreciation		$ 600
Interest expense	$122
Interest payable		$ 122
Utilities expense	$980
Income tax expense	$1,460
Income tax payable		$ 1,460
Total	$161,652	$161,652

So with all this info can you Journalize and post closing entries and complete the closing process. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount.)