Chart of Accounts 11 - Cash31 - John Upton, Capital12 - Accounts Receivable32 - John Upton, Drawing14 - Supplies41 - Fees Earned15 - Prepaid Rent51 - Salary Expense16 - Prepaid Insurance52 - Rent Expense18 - Office Equipment53 - Supplies Expense19 - Accumulated Depreciation - Office Equipment54 - Depreciation Expense21 - Accounts Payable55 - Insurance Expense22 - Salaries Payable59 - Miscellaneous Expense23 - Unearned Fees 2. Post the transactions to "T" accounts3. Prepare an adjusted trial balance sheet4. Prepare and income statement, a statement of owner's equity, and a balance sheet. 5. Prepare and post the closing entries. 6. Prepare a post-closing trial balance.

basis. Gourmet Consulting entered into the following transactions in July: GOURMET CONSULTING d Trial BE July 31, 2019 Account Debit Credit No. Balances Balances Cash 11 38,750 Accounts Receivable 12 26,250 Supplies 14 4,800 Prepaid Rent 15 6,000 Prepaid Insurance 16 1,500 Office Equipment 18 14,000 Accumulated Depreciation-Office Equipment 19 Accounts Payable 21 2,100 Salaries Payable 22 Unearned Fees 23 8,000 Jolene Upton, Capital 31 54,000 Jolene Upton, Drawing 32 20,000 Fees Earned 41 54,700 Salary Expense 51 3,000 Rent Expense 52 Supplies Expense 53 0 Depreciation Expense 54 0 Insurance Expense 55 0 Miscellaneous Expense 59 1,500 118,800 118,800 INSTRUCTIONS; 1. Journalize each transaction in a two column journal utilizing the following chart of accounts. A. Insurance expired during July is %510 B. Supplies on hand on July 31 are $3,900 C. Depreciation of Office Equipment for July is $540 D. Accrued receptionist salary on July 31 is $190 E. Rent expired during July is $2,700 F. Unearned fees on July 31 are $4,100 Chart of Accounts 11 - Cash 31 - John Upton, Capital 12 - Accounts Receivable 32 - John Upton, Drawing 14 - Supplies 41 - Fees Earned