create a general journal, general leger, unadajusted trial balance, adjusted trial balance, income statement, statement of stockholders equity, balance sheet and a post-closing trial balance

For the past several yoars, Stefly Lopez has operated a part-time consulting business from his home. As of July 1, 20 r2, Steily decided to move to rented quarters and to operate the business, which was to bo known as Diamond Consulting, on a futt time basis. Diamond ontered into the following transoctions during July: Jul. 1. The following assets were received from Stefty Lopez in exchange for common stock: cash, $14,000 : accounts feceivable, $20,000; supplies, $3,100; and oftice equipment, $7,000. There were no fiabilties recelved. 1 Paid two months' rent on a lease rental contract, 56,000 2 Paid the premiums on property and casuality insurance policies, 54,620 . 4 Received cash fromclents as an advance payment for services to be provided, and reoorded it as uneamed tees, $5,000. 5 Purchased additional offce equipment on account from Otfice Station Co., $6,500 6 Received cash hrom clents on acoount, $15,000. 10 Paid cash foc a newspaper advertisement, $400. 12. Paid Otice Station Co. Ior part of the debt incurred on July 5,55,200. 12 Aecorded services provided on account for the period July 112,$13,300. 14 Paid receptionist for two weeks' salary, $1,750. Fiecond the following transactions on Pape 2 of the pournal: Pecord the following transactions on Page 2 of the journal: Jul. 17 Recorded cash from cash clients for fees earned during the period July 117,$9,450. 18 Paid cash for supplies, $600. 20 Recorded services provided on account for the period July 1320,$6,750. 24 Recorded cash from cash clients for fees earned for the period July 1724,$4,500. 26 Received cash from clients on account, $12,000. 27 Paid receptionist for two weeks' salary, $1,750. 29 Paid telephone billfor July, $375. 31 Paid electricity bill for July, $675. 31. Recorded cash from cash clients for fees earned for the period July 2531,$5,000. 31 Recorded services provided on account for the remainder of July, $3,000. 31 Paid dividends, $12,500. 1. Journalize each transaction in a two-column jouma/ starting an Page 1. (Do not insert the account numbers in the joumal at this time.) 2. Post the journal to a ledger of four-cotumn accounts. Add the appropriate posting reference to the joumal. 3. Prepare an unadjusted trial balance. 4. At the end of July, the following adfustment data were assembled. Analyze and use these data to complefe requirements (5) and (6). (a) Insurance expired during vily is $395. (b) Supples on hand an tuly 31 are $1,525. (c) Depreciation of olfice equipment for July is $750. (d) Accrued receptionist salary on July 31 is 5175 : (e) Rent expired during July is $3,000. (f) Unearned fees on July 31 are $2,500. 5. (Optional) On your own paper or spreadsheet, enter the unadjusted trial balance on an end-or-period work sheet and complote the work sheet. 6. A. Journalize the adjusting entries on page 3 of the journal. Adjusting entries are recorded on divy 31. B. Post the adfusting entries, inserting balances in the accounts affected. 7. Propare an adusted trial balance. B. A. Prepare an income statement for the month ended didy 31,20Yz. B. Propare a statement of stochtolders' equily for the month ended July 31,20r2. C. Prepare a balance sheet as of July 3s,20r. For the past several yoars, Stefly Lopez has operated a part-time consulting business from his home. As of July 1, 20 r2, Steily decided to move to rented quarters and to operate the business, which was to bo known as Diamond Consulting, on a futt time basis. Diamond ontered into the following transoctions during July: Jul. 1. The following assets were received from Stefty Lopez in exchange for common stock: cash, $14,000 : accounts feceivable, $20,000; supplies, $3,100; and oftice equipment, $7,000. There were no fiabilties recelved. 1 Paid two months' rent on a lease rental contract, 56,000 2 Paid the premiums on property and casuality insurance policies, 54,620 . 4 Received cash fromclents as an advance payment for services to be provided, and reoorded it as uneamed tees, $5,000. 5 Purchased additional offce equipment on account from Otfice Station Co., $6,500 6 Received cash hrom clents on acoount, $15,000. 10 Paid cash foc a newspaper advertisement, $400. 12. Paid Otice Station Co. Ior part of the debt incurred on July 5,55,200. 12 Aecorded services provided on account for the period July 112,$13,300. 14 Paid receptionist for two weeks' salary, $1,750. Fiecond the following transactions on Pape 2 of the pournal: Pecord the following transactions on Page 2 of the journal: Jul. 17 Recorded cash from cash clients for fees earned during the period July 117,$9,450. 18 Paid cash for supplies, $600. 20 Recorded services provided on account for the period July 1320,$6,750. 24 Recorded cash from cash clients for fees earned for the period July 1724,$4,500. 26 Received cash from clients on account, $12,000. 27 Paid receptionist for two weeks' salary, $1,750. 29 Paid telephone billfor July, $375. 31 Paid electricity bill for July, $675. 31. Recorded cash from cash clients for fees earned for the period July 2531,$5,000. 31 Recorded services provided on account for the remainder of July, $3,000. 31 Paid dividends, $12,500. 1. Journalize each transaction in a two-column jouma/ starting an Page 1. (Do not insert the account numbers in the joumal at this time.) 2. Post the journal to a ledger of four-cotumn accounts. Add the appropriate posting reference to the joumal. 3. Prepare an unadjusted trial balance. 4. At the end of July, the following adfustment data were assembled. Analyze and use these data to complefe requirements (5) and (6). (a) Insurance expired during vily is $395. (b) Supples on hand an tuly 31 are $1,525. (c) Depreciation of olfice equipment for July is $750. (d) Accrued receptionist salary on July 31 is 5175 : (e) Rent expired during July is $3,000. (f) Unearned fees on July 31 are $2,500. 5. (Optional) On your own paper or spreadsheet, enter the unadjusted trial balance on an end-or-period work sheet and complote the work sheet. 6. A. Journalize the adjusting entries on page 3 of the journal. Adjusting entries are recorded on divy 31. B. Post the adfusting entries, inserting balances in the accounts affected. 7. Propare an adusted trial balance. B. A. Prepare an income statement for the month ended didy 31,20Yz. B. Propare a statement of stochtolders' equily for the month ended July 31,20r2. C. Prepare a balance sheet as of July 3s,20r