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E2-18A (similar to) The transactions for Cubs Corner, Inc., for the month of July 2018 are posted in the following T-accounts: (Click the icon to

image text in transcribedimage text in transcribedimage text in transcribed E2-18A (similar to) The transactions for Cubs Corner, Inc., for the month of July 2018 are posted in the following T-accounts: (Click the icon to view the T-accounts.) Read the requirements. Requirement 1. Calculate account balances at July 31, 2018. Cash 111 Equipment 115 Service revenue 411 July 1 50,000 July 2 1,500 July 4 14,500 July 6 9,000 6 9,000 14,500 26 5,000 17 1,900 23 400 9 200 Bal Bal 15 800 26 5,000 Accounts payable 211 Salaries expense 512 28 360 July 9 200 July 3 400 July 15 800 29 900 Bal 29 900 Bal Bal Common stock 311 Accounts receivable 112 July 1 50,000 Rent expense 504 July 17 Bal 1,900 July 23 400 Bal July 2 1,500 Bal Supplies 113 July 3 400 Bal July 28 Bal Utilities expense 530 360 i Data Table - Cash 111 Equipment 115 Service revenue 411 July 1 50,000 July 2 1,500 July 4 14,500 July 6 9,000 6 9,000 4 14,500 26 5,000 17 1,900 23 400 9 200 Bal Bal 15 800 26 5,000 Accounts payable 211 Salaries expense 512 28 360 July 9 200 July 3 400 July 15 800 29 900 Bal 29 900 Bal Bal Common stock 311 Accounts receivable 112 July 1 50,000 Rent expense 504 July 17 1,900 July 23 400 Bal July 2 1,500 Bal Bal Supplies 113 July 3 400 Bal Print Done Utilities expense 530 July 28 360 Bal iRequirements 1. Calculate account balances at July 31, 2018. 2. Prepare the trial balance for Cubs Corner, Inc., at July 31, 2018. Print Done - X

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