At June 30, 2022, the end of its most recent fiscal year, Cheyenne Computer Consultants post-closing trial balance was as follows:

		Debit		Credit
Cash		$4,290
Accounts receivable		980
Supplies		570
Accounts payable				$330
Unearned service revenue				920
Common stock				3,000
Retained earnings				1,590
		$5,840		$5,840

The company underwent a major expansion in July. New staff was hired and more financing was obtained. Cheyenne conducted the following transactions during July 2022, and adjusts its accounts monthly.

July	1		Purchased equipment, paying $2,800 cash and signing a 2-year note payable for $16,400. 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 16,400 shares of common stock for $41,000 cash.
	3		Paid $3,000 cash for a 12-month insurance policy effective July 1.
	3		Paid the first 2 (July and August 2022) months rent for an annual lease of office space for $3,300 per month.
	6		Paid $3,100 for supplies.
	9		Visited client offices and agreed on the terms of a consulting project. Cheyenne will bill the client, Connor Productions, on the 20th of each month for services performed.
	10		Collected $980 cash on account from Milani Brothers. This client was billed in June when Cheyenne performed the service.
	13		Performed services for Fitzgerald Enterprises. This client paid $920 in advance last month. All services relating to this payment are now completed.
	14		Paid $330 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 $9,800 cash in advance for future services to be performed.
	18		Paid semi-monthly salaries for $9,000.
	20		Performed services worth $23,000 on account and billed customers.
	20		Received a bill for $1,800 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 $8,200 of revenue from the cash advance received July 16.
	27		Received $12,300 cash from customers billed on July 20.

Adjustment data:

1.		Adjustment of prepaid insurance.
2.		Adjustment of prepaid rent.
3.		Supplies used, $1,050.
4.		Equipment depreciation, $400 per month.
5.		Accrual of interest on note payable.
6.		Salaries for the second half of July, $9,000, to be paid on August 1.
7.		Estimated utilities expense for July, $660 (invoice will be received in August).
8.		Income tax for July, $980, will be paid in August.

FOR THE ADJUSTED ENTRIES BELOW

CHEYENNE COMPUTER CONSULTANTS Trial Balances July 31, 2022 Debit Credit $ $ $ No. Date Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. 6. 7. 8