EX 2-7 Transctions OBJ. 2 Valure Corsuatirng Co. has the foilowzaccounts in its iedger: Cash; Accounts Receivable; Sup- plies; Office quipment; Accounts Pagaisle Dennis Isberg, Capital; Dennis Isberg, Drawing; Fees Earned; Rent Expense; Advertising Epense; Utilities Expense; Miscellaneous Expense. Journalize the following selected transactiasas for July 2014 in a two-column journal. Journal entry explanations may be omitied Chapter 2 Analyzing Transactions July 1. Paid rent for the month, $3,200. 3. Paid advertising expense, $750. 5. Paid cash for supplies, $1,300. .Purchased office equipment on account, $12,500. 10. Received cash from customers on account, $11,400. 15. Paid creditor on account, $1,175. 27. Paid cash for repairs to office equipment, $600 30. Paid telephone bill for the month, $180. 31. Fees earned and billed to customers for the month, $33,760. 31. Paid electricity bill for the month, $1,300. 31. Withdrew cash for personal use, $4,000