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CH.3 Homework Ahmed opened a law office on July 1, 2019. During July the following transactions occurred. 1) July 1 ahmed Invested $250,000 cash in the business. 2) on july 3rd Purchased new computers for $25,000, paying $10,000 cash and the balance on the account 3) on 1/7 Ahmed has Purchased office supplies for $2000 on the account 4) on 5/7 Paid S2000 cash on a one-year insurance policy effective July 1. 5) on july 12 Billed customers $2500 for services performed. 6) on 18/7 Paid $6,000 cash on the amount owed on the computers on transaction 2 and paid $2000 on the amount owed on supplies on transaction 3. 7) on 20/7 Paid $3,200 cash for employee salaries. 8) on 21/7 Collected S1500 cash from customers billed on July 12. 9) on 25/7 Billed customers $2500 for legal services. 10) on 31/7 Paid utilities bill for a month $600. 11) on 31/7 Ahmed Withdrew S2000 cash for personal use. Instructions: a) Journalize and post the July transactions. b) Prepare a trial balance on July 31. c) Enter the following adjustments. 1. Depreciation on computers for the month was $150. 2. The insurance for July has occurred. 3. supplies count by July 31 shows a value of $1500. 4. unpaid employee salaries were $2500. d) Journalize and post adjusting entries. e) Prepare the Income Statement and Owner's Equity Statement for July and a Classified Balance Sheet on July 31