Donegan's Lawn Care Service began operations in Juby, current jear, The company uses the following general ledger accounts. The compary engaged in the following transactions during its first month of operations. July 18 issued 500 shares of capltal stock to Patick Donegan for $1,500. July 22 Purchased office supplies on account for $100. July 23 Purchased mowing equipment for $2,000, paying $400 cash and issuing a 60 -day note payable for the remaining July 24 Paid $25 cash for gosoline. All of this fuef will be used in July. July 25 Billed Lost Creek Cemetery $150 for mowing services. The entire amount is due July 30. July 26 Bilied Goir Vlew Condominiums $200 for mowing services. The entire amount is due August 1 , July 30 Collected $150 from Lost Creek Cemetery for mowing services provided on July 25. July 31 Paid $80 salary to employee Teddy Grimm for work performed in July Instructions a. Record esch of theie transactions in general journal form. Include a brief explanation of the trankaction at part of each journat entros b. Post each entry to the appropriate ledeet accouats c. Prepare a trial balance dated July 31, current year. d. Explain wity the Retained Earnings account has a zero balance in the trial talance