During its first month of operation, Peter's Auto Supply Corporation, which specializes the sale of auto equipment and supplies, completed the following transactions.

$$

July Transactions

Date Transaction Description

July

$1$

$$Issued Common Stock in exchange for $

$1$

$0$

$0$

$,$

$0$

$0$

$0$

$$cash$.$

July

$1$

$$Paid $

$4$

$,$

$0$

$0$

$0$

$$rent for the months of July and August

July

$2$

$$Paid the insurance company $

$2$

$,$

$4$

$0$

$0$

$$for a one year insurance policy, beginning July

$1$

$.$

$$

July

$5$

$$Purchased inventory on account for $

$3$

$5$

$,$

$0$

$0$

$0$

$($

Assume that the perpetual inventory system is used.

$)$

July

$6$

$$Borrowed $

$3$

$6$

$,$

$5$

$0$

$0$

$$from a local bank and signed a note. The interest rate is

$1$

$0$

$\%$

$,$

$$and principal and interest is due to be repaid in six months.

July

$8$

$$Sold inventory on account for $

$1$

$7$

$,$

$0$

$0$

$0$

$.$

$$The cost of the inventory is $

$7$

$,$

$0$

$0$

$0$

$.$

July

$1$

$5$

$$Paid employees $

$6$

$,$

$0$

$0$

$0$

$$salaries for the first half of the month.

July

$1$

$8$

$$Sold inventory for $

$1$

$5$

$,$

$0$

$0$

$0$

$$cash$.$ The cost of the inventory was $

$6$

$,$

$0$

$0$

$0$

$.$

July

$2$

$0$

$$Paid $

$1$

$5$

$,$

$0$

$0$

$0$

$$to suppliers for the inventory purchased on January

$5$

$.$

July

$2$

$6$

$$Collected $

$6$

$,$

$0$

$0$

$0$

$$on account from customers.

July

$3$

$0$

$$Paid $

$1$

$,$

$0$

$0$

$0$

$$to the local utility company for July gas and electricity.

Requirement #

$1$

$0$

: Prepare a post

$-$

closing trial balance as of July

$3$

$1$

$$in the space below, as a worksheet

$,$

$.$

$.$