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

	DEBIT	CREDIT
Cash	$5,740
Accounts receivable	$1,320
Supplies	$720
Accounts payable		$400
Unearned service revenue		$1,140
Common Stock		$3,780
Retained earnings		$2,460
	$7,780	$7,780

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

July 1: Purchased equipment, paying $4,000 cash and signing a 2-year note payable for $20,000. 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 18,000 shares of common stock for $45,000 cash. 3: Paid $3,600 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 $3,700 per month.

6: Paid $3.400 for supplies.

9:Visited client offices and agreed on the terms of a consulting project. Whisperine Winds will bill the client, Connor Productions, on the 20th of each month for services performed. 10:Collected $1,320 cash on account from Milani Brothers. This client was billed in June when Whispering Winds performed the service. 13:Performed services for Fitzgerald Enterprises. This client paid $1,140 in advance last month. All services relating to this payment are now completed. 14:Paid $400 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 $10.800 cash in advance for future services to be performed. 18:Paid semi-monthly salaries for $11,900. 20:Performed services worth $28,100 on account and billed customers. 20:Received a bill for $2,200 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 $9,800 of revenue from the cash advance received July 16. 27:Received $15,300 cash from customers billed on July 20.

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

Enter the July 1 balances in the ledger accounts.