Dr. Sue Smith Company opened a medical practice. The business completed the following transactions at July 2016. July 1: Issued common stock for $10,000 July 5: Sold services on account for $5,000 July 9: Purchased office supplies on account for $500 July 10: Sold services for cash of $2,100 July 12: Received payment in full for services sold on account from July 5 July 24: Paid in full for office supplies purchased on July 9 July 25. Received and paid monthly electric bill of $200 July 30: Signed a note payable to purchase office furniture for $3,500 July 31: Paid monthly payroll of $3,000 1. Journalize the above transactions and no need explanations. 2. Post the entries to the ledger, using T-accounts. 3. Prepare the trial balance of Dr. Sue Smith Company's at July 31, 2016 4. From the trial balance determine total assets, total liabilities, and net profit at July 31, 2016