eare and post journal entries to record the July transactions During July, Bob Lutz completed these transactions for Lutz July 1st Paid the monthly rent, $1,700. Fent 1,700 cosh July 1. made the monthly payment to Bilbao Company, $1,200. Accounts Payabre 1,00 July 6. Purchased additional repair supplies for the first half of the month, $3,452. 3,ys Cosh 3, 45 2 July 15. Received cash repair revenue for the first half of the month, $3,656. 04S July 20. Paid cash for an advertisement in the local newspaper, $240. 240 a yo ho Advertisement Espense cash July 23. Paid Rusin Company on account, $2,400 Cash July 30. Received cash repair revenue for the last half of the month, $3,268. Pepair Pevenue 3, July 30. Recorded a withdrawal by owner, $1 ,200 7/30 rawings 9. Prepare the July unadjusted trial balance Using the following information, record adjusting entries in the general journal and post to the ledger accounts. a. One month's insurance has expired. b. The inventory of unused repair supplies is $1,652. c. The estimated depreciation on repair equipment is $280. 10. From the accounts in the ledger, prepare an adjusted trial balance. 11. From the adjusted trial balance, prepare the July income statement, statement of owner's equity, and balance sheet. 12. Prepare and post-closing entries. 13. Prepare a post-closing trial balance