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During July, Bob Lutz completed these transactions for Lutz Repair Senice: July 1 Paid the monthlv rent, $ 1 , 7 0 0 . 1
During July, Bob Lutz completed these transactions for Lutz Repair Senice:
July Paid the monthlv rent, $
Made the monthly payment to Bilbao Company, $
Purchased additional repair supplies on credit from Rusin Company,
$
Received cash repair revenue for the first half of the month, $
Paid cash for an advertisement in the local newspaper, $
Paid Rusin Company on account, $
Received cash repair revenue for the last half of the month, $
Recorded a withdrawal by owner, $
Question Prepare and post journal entries to record the July transactions.
Using the following infornation, record adjusting entries in the general journal and post to the ledger accounts.
d One month's insurance has expired.
e The inventory of unused repair supplies is $
f The estinated depreciation on repair equipment is $
From the accounts in the ledger, prepare an adjusted trial balance.
From the adjusted trial balance, prepare the July income statement, statement of owner's equity, and balance sheet.
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