File 135 Tell me what you want to do Home Insert Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. A B 1 Requirement #1: 2 During its first month of operation, the True Consulting Corporation, which specializes in management consulting, 3 completed the following transactions. 4 Issued 15,000 shares of the company's common stock in exchange for $15,000. Purchased a truck for $8,000 A down payment of $3,000 was made, with the balance on account. Paid $1,200 to cover rent from July 1 through September 30. Purchased $2,000 of supplies on account Billed customers for consulting services performed, $3,700. Paid $500 toward the amount owed for the supplies purchased on July 7. Paid $1750 in cash for employee wages. Collected $1600 in cash from customers that were billed on July 10. Received $4,200 cash from customers for services performed Paid $350 in cash for truck repairs. Declared and Paid $700 in cash dividends. 5 July 1 6 7 July 3 8 9 July 5 10 11 July 7 12 13 July 10 14 15 July 14 16 17 July 15 18 19 July 19 20 21 July 21 22 23 July 31 24 25 July 31 26 30 Date 31 32 33 34 35 20 C Ready D E 27 Prepare journal entries to record the July transactions in the General Journal below. 28 29 F General Journal Description(Account Name) Debit G Credit H Instructions Journal Entries General Ledger Trial Balance J K Category Assets Enable Editing Use the following acco Adjusting Entries. Adjusted Trial Balance L Financial Sta