1. At the end of July, the following adjustment data were assembled. Analyze and use these data to complete parts (5) and (6).

A. Insurance expired during July is $375.

B. Supplies on hand on July 31 are $1,525

C. Depreciation of office equipment for July is $750.

D. Accrued receptionist salary on July 31 is $175.

E. Rent expired during July is $2,400:

F. Unearned fees on July 31 are $2,750.

PR 4-5A Complete accounting cycle Obj. 4- Describe the accounting cycle., 5 - Illustrate the accounting cycle for one period. For the past several years, Steffy Lopez has operated a part-time consulting business EXCEL TEMPLATE from his home. As of July 1, 2018, Steffy decided to move to rented quarters and to operate the business, which was to be known as Diamond Consulting, on a full-time basis. Diamond entered into the following transactions during July: July 1. 2. 5. The following assets were received from Steffy Lopez in exchange for common stock: cash, $13,500; accounts receivable, $20,800; supplies, $3,200; and office equipment, $7,500. There were no liabilities received. Paid two months' rent on a lease rental contract, $4,800. (month-2400) Paid the premiums on property and casualty insurance policies, $4,500. Received cash from clients as an advance payment for services to be provided, and recorded it as uneamed fees, $5,500. Purchased additional office equipment on account from Office Station Co., $6,500. 6. Received cash from clients on account, $15,300. 10. Paid cash for a newspaper advertisement, $400. miscellaneous Expense