create T accounts for this informmation: John Johnson owns a small shoe store in Searcy, Arkansas called Foot First Shoes and Apparel. He is looking for a new accountant for his business. He has asked you to prepare monthly financial statements for him to access your capabilities. He has provided the following information:

His balance sheet for June $2021$

John uses the specific identification method of inventory. All sales are billed and are recorded on the $15$th and last day of each month. Sales for July were:

$15$th $$ Sales $=12,325$ Cost of Goods Sold $=7,600$

$31$st $$ Sales $=7,715$ Cost of Goods Sold $=4,250$

John has one employee that works Monday through Friday. He pays him $$500$ every Friday. The month started on a Monday and ended on a Wednesday. $($Ignore payroll tax and withholdings$)$

Depreciation expense for the building is $$36,000$ per year

Depreciation expense for equipment is $$900$ per month

A count revealed $$900$ supplies remained on July $31$

$$1,900$ of the unearned revenue was earned during the month

The company also had the following transactions throughout the month:

July $1$ Paid $$1,400$ for July rent

July $2$ Paid $$7,500$ on accounts payable due

July $6$ Received $$3,200$ from customers previously billed

July $10$ Received $$6,200$ worth of inventory on account

July $16$ Paid $$750$ for repairs and maintenance on equipment

July $19$ Paid $$5,000$ on accounts payable due

July $20$ Purchased new office equipment for $$1,500$ cash

July $24$ Received $$10,900$ from customers previously billed