Continuing Problem Chapter 2 - Instruction w 2 The transactions completed by ps Music during June 20vs. The following transactions were completed during July, the second month of the businossis operatienis: If an amount boik does bot require an entry, iesve it Blank. July 1: Peyton Smith made an oddtional investment in PS Music in exchange for commen steck by depositing $5,000 in ps Nusicis cheding account. 3uly 1: Instead of continuing to share office space with a local real estate agency. Peyton decbed to rent office space near a local music store. Paid rent for July, $1 July 1: Paid a premium of $2,700 for a comprehensive insurance policy covering lisbility, theft, and fire. The pelicy covers a one-year period. July 2 : Recelved $1,000 an account. \begin{tabular}{|c|c|c|c|} \hline Account & thost. Ret. & Destin & Conat \\ \hline= & & & \\ \hline= & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Mocment & Nost. Het & Detail & credie \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Acconant & thest, wet & netair & croli \\ \hline - & & & \\ \hline= & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Arceant & Nest. Met. & Deteit & Conedit \\ \hline= & & & \\ \hline= & & & \\ \hline \end{tabular} July dis Paid foc a newspoper adverthnment, 1200 . July 14: Pald anges of 31,200 to coceptionist and part timen astistant July 16: Recehved 12,000 for serving as a dist fokkir for a meddiey reciestion Jukr 18: Purchased nubviles on account, seso. Jaly 22 : Pald $000 to a local tadio sation to advertioe bie services of Ps Music twici idaly for the remainder of iulk. Huly 2a: Served as disc jockey for a party for 12,500, Received 1750, with the remainder due Augut 4, 20r5. July 31: Recelved \$3,000 foc serving as a dise jockey for a party. July 31: Pald $1,400 rophities (musk expense) to National Music Clearing for use of varicus articts' mtesic difring July Joly 31: Paid dividends of 51,250 . \begin{tabular}{|c|c|c|c|} \hline Account & thost. Ret. & Detelin & Cmath \\ \hline= & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Mccneni & Nost. Met. & Detall & Credit \\ \hline= & & & \\ \hline . & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Atcomet & most, thet. & Detin & creath \\ \hline= & & & \\ \hline= & & & \\ \hline \end{tabular} \begin{tabular}{|ll|l|l|l|} \hline Arceant & & Nest, Mef. Detel & Condit \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Account & thost. Ret. & Detelin & Cmath \\ \hline= & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Mccneni & Nost. Met. & Detall & Credit \\ \hline= & & & \\ \hline . & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Atcomet & most, thet. & Detin & creath \\ \hline= & & & \\ \hline= & & & \\ \hline \end{tabular} \begin{tabular}{|ll|l|l|l|} \hline Arceant & & Nest, Mef. Detel & Condit \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular} Julv 182 . Purchased mubelien on scicount, \$s50. Jaly 22: Pald $000 to a local tadio itation to advertins bie services of P5 Muic twici idaly for the femander of Julk. July 2a: Served as dise fockey for a party for 12,500, Recelved 1750 , with the remainder due Augut 4, 20r5
