During July $2024,$ the last month of the fiscal year, the following transac$$ons were completed:

July $1.$ Paid rent for July, $$4,000.$

$3.$ Purchased merchandise on account from Lingard Co$.,$ terms $2/10,$ n$/30,$ FOB

shipping point, $$25,000.$

$4.$ Paid freight on purchase of July $3,$ $$1,000.$

$6.$ Sold merchandise on account to Holt Co$.,$ terms $2/10,$ n$/30,$ FOB shipping

point, $$40,000.$ The cost of the merchandise sold was $$24,000.$

$7.$ Received $$18,000$ cash from Fla$$ Co$.$ on account, no discount.

$10.$ Sold merchandise for cash, $$90,000.$ The cost of the merchandise sold was $$50,000.$

$13.$ Paid for merchandise purchased on July $3,$ less discount.

$14.$ Received merchandise returned on sale of July $6,$ $$7,000.$ The cost of the

merchandise returned was $$4,500.$

$15.$ Paid adver$$sing expense for last half of July, $$9,000.$

$16.$ Received cash from sale of July $6,$ less r eturn of July $14$ and discount.

$19.$ Purchased merchandise for cash, $$22,000.$

$19.$ Paid $$23,100$ to Carino Co$.$ on account, no discount.

$20.$ Sold merchandise on account to Reedley Co$.,$ terms $1/10,$ n$/30,$ FOB shipping

point, $$40,000.$ The cost of the merchandise sold was $$25,000.$

$21.$ For the convenience of the c ustomer, paid freight on sale of July $20,$ $$1,100.$

$21.$ Received $$17,600$ cash from Owen Co$.$ on account, no discount.

$21.$ Purchased merchandise on account from Munson Co$.,$ terms $1/10,$ n$/30,$ FOB

des$$na$$on $,$ $$32,000.$

$24.$ Returned $$5,000$ of damaged merchandise purchased on July $21,$ receiving

credit from the seller.

$26.$ Refunded cash on sales made for cash, $$12,000.$ The cost of the merchandise

returned was $$7,200.$

$28.$ Paid sales salaries of $$22,800$ and office salaries of $$15,200.$

$29.$ Purchased store supplies for cash, $$2,400.$

$30.$ Sold merchandise on account to Dix Co$.,$ terms $2/10,$ n$/30,$ FOB shipping point,

$$18,750.$ The cost of the merchandise sold was $$11,250.$

$30.$ Received cash from sale of July $20,$ less discount, plus freight paid on July $21.$

$31.$ Paid for purchase of July $21,$ less return of July $24$ and discount.

At the end of July, the following adjustment data was assembled.

a$.$ Merchandise inventory on July $31$ $$565,000$

b$.$ Insurance expired during the year $$13,400$

c$.$ Store supplies on hand on July $31$ $$3,900$

d$.$ Deprecia$$on for the current year $$11,500$

e$.$ Accrued salaries on July $31$:

Sales salaries $$3,200$

Office salaries $$1,300$ Record the associated journal entries for the informa$$on provided.

$2.$ Record the general ledger impacts $($or T$-$Account impact$)$ for the financial accounts

based on the informa$$on provided.

$3.$ Create an unadjusted trial balance, adjusted trial balance, and post$-$closing trial

balance based on the informa$$on provided