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Case Accounting Cycle Land & 5ky Travel and Tours is a travel agency that offers international and local travel packages. The company is owned and

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Case Accounting Cycle Land \& 5ky Travel and Tours is a travel agency that offers international and local travel packages. The company is owned and operated by William Bullet. The elosing balances at the end of June 2022 and the chart of accounts are shown below. \begin{tabular}{|c|l|} \hline Jul 30 & The owner withdrew $7,200 cash for personal use. \\ \hline Jul 31 & Paid $1,360 cash for the bank loan which included $1,000 principle and $360 interest. \end{tabular} At the end of July, the following adjustment had to be journalized to properly report the balances of the company's accounts: Required: a) Enter the opening balances from the June 2022 balance sheet into the general ledger accounts. b) Prepare the journal entries for the month of July and post them to the appropriate general ledger accounts. c) Create the trial balance in the worksheet, and then complete the remaining section of the worksheet. d) Create the income statement, statement of owner's equity and the classified balance sheet. e) Prepare the journal entries for the adjustments and post them to the appropriate general ledger accounts. f) Prepare the journal entries to close the books for the month of July 2022 (use the income summary account), and post the journal entries to the appropriate general ledger accounts. g) Create the post-closing trial balance

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