During its first month of operation, the True Consulting Corporation, which specializes in management consulting,
completed the following transactions.
July 1	Issued 15,000 shares of the company's common stock in exchange for $15,000.
July 3	Purchased a truck for $8,000. A down payment of $3,000 was made, with the balance on account.
July 5	Paid $1,200 to cover rent from July 1 through September 30.
July 7	Purchased $2,000 of supplies on account.
July 10	Billed customers for consulting services performed, $3,700.
July 14	Paid $500 toward the amount owed for the supplies purchased on July 7.
July 15	Paid $1750 in cash for employee wages.
July 19	Collected $1600 in cash from customers that were billed on July 10.
July 21	Received $4,200 cash from customers for services performed.
July 31	Paid $350 in cash for truck repairs.
July 31	Declared and Paid $700 in cash dividends.

Prepare adjusting entries using the following information in the General Journal
below. Show your calculations!
a) One month's rent has expired
b) The remaining inventory of supplies is $600.
c) The estimated depreciation on equipment is $100.
d) The estimated income taxes are $1,200.

Prepare an adjusted trial balance in the space below.