eBook Show Me How Print liem Instructions The following selected transactions were completed during July of the current year: July 1 4 Biled customers for toes earned, $74,310 Purchased supples on account. $2,000 Received cash from customers on account. $62,870. Pald creditors on account, 8900 8 11 Required: a Journalize these transactions in a two-column ournal. Refer to the list of accounts in the Taccounts for exact wording of account titles b. Post the entries prepared in (a) to the following accounts: Cash, Supplies, Accounts Receivable, Accounts Payable, Foos Eamed. To the left of each amount posted in the accounts, select the appropriate date. c. Assume that the unadjusted trial balance on July 31 shows a credit balance for Accounts Receivable. Does this credit balance mean an error has occurred? Pom Transactions and Accounts Instructions Journal T Account Final Question Instructions Journal TH a smalze these transactions in a no-columna Pater to the 1st of accounts in the accounts for exact wording of account to PAGE 1 JOURNAL ACCOUNTING EQUATION ) BATE DESCRIPTION POST.RO DET CREDIT LIABILITIES EQUITY 1 2 1 TAccounts 6. Posr the entries prepared in (a) to the following accounts: Cash Supplies Account Recon Accounts Payable Fees Eamed to the lot of each amount posted in the accounts select the appropriate date Cash Accounts Receivable Supplies Accounts Payable Fees Earned Final Question b. ac c. Assume that the unadjusted trial balance on July 31 shows a credit balance for Accounts Receivable. Does this credit balance mean an error has occurred? Yes O No