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

		Debit		Credit
Cash		$4,600
Accounts receivable		1,060
Supplies		610
Accounts payable				$350
Unearned service revenue				990
Common stock				3,200
Retained earnings				1,730
		$6,270		$6,270

The company underwent a major expansion in July. New staff was hired and more financing was obtained. Marigold conducted the following transactions during July 2017, and adjusts its accounts monthly.

July	1		Purchased equipment, paying $4,000 cash and signing a 2-year note payable for $17,600. 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 17,600 shares of common stock for $44,000 cash.
	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 $3,500 per month.
	6		Paid $3,300 for supplies.
	9		Visited client offices and agreed on the terms of a consulting project. Marigold will bill the client, Connor Productions, on the 20th of each month for services performed.
	10		Collected $1,060 cash on account from Milani Brothers. This client was billed in June when Marigold performed the service.
	13		Performed services for Fitzgerald Enterprises. This client paid $990 in advance last month. All services relating to this payment are now completed.
	14		Paid $350 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 $10,600 cash in advance for future services to be performed.
	18		Paid semi-monthly salaries for $9,700.
	20		Performed services worth $24,600 on account and billed customers.
	20		Received a bill for $1,900 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 $8,800 of revenue from the cash advance received July 16.
	27		Received $13,200 cash from customers billed on July 20.

Adjustment data:

1.		Adjustment of prepaid insurance.
2.		Adjustment of prepaid rent.
3.		Supplies used, $1,100.
4.		Equipment depreciation, $450 per month.
5.		Accrual of interest on note payable.
6.		Salaries for the second half of July, $9,700, to be paid on August 1.
7.		Estimated utilities expense for July, $700 (invoice will be received in August).
8.		Income tax for July, $1,060, will be paid in August.

(c) Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) Cash July 1 Bal. 4,600 > Accounts Receivable July 1 Bal. 1,060 Prepaid Insurance Supplies July 1 bal. 610 Prepaid Rent Equipment Accounts Payable July 1 Bal. 350 Accounts Payable July 1 Bal. 350 Unearned Service Revenue July 1 Bal. 990 Notes Payable Common Stock July 1 Ball 3.200 Retained Earnings July 1 Bal. 1,730 Service Revenue Salaries and Wages Expense Advertising Expense (d) Prepare a trial balance at July 31. MARIGOLD COMPUTER CONSULTANTS Trial Balances Debit Credit $ $ $ $ (e) Journalize and post adjusting entries for the month ending July 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter Ofor the amounts.) No. Date Account Titles and Explanation Debit 1. C 2. 3.