For the past several years, Samantha Hogan has operated a part-time consulting business from her home. As of July 1, 2049, Samantha decided to mov operate the business, which was to be known as Arborvite Consulting, on a full-time basis. Arborvite Consulting entered into the following transactions du Jul . 1 The following assets were received from Samantha Hogan: cash, $25,700; accounts receivable, $30,200; supplies, $5,100; and office equipment, 512,100. There were no habilities received. 1 Pald three months' rent on a lease rental contract, $8,100. 2 Paid the premiums on property and casualty insurance policies, $6,100. Received cash from clients as an advance payment for services to be provided and recorded it as uneared fees, $10,800 5 Purchased additional office equipment on account from Office Necessities Co., 56,900. 6 Received cash from clients on account, $17,300 10 Paid cash for a newspaper advertisement, $680. Paid Office Necessities Co. for part of the debt incurred on July 5, 54,100 Provided services on account for the period July 1-12, 519,200 14 Pald receptionist for two weeks' salary, $2,000 12 12 Record the following transactions on Page 2 of the journal: JUL. 20 17 Received cash from cash clients for toes earned during the period July 117, 514,100 18 Pald cash for supplies, $1,400 Provided services on account for the period July 13-20, $12,200 Received cash from cash clients for fees earned for the period July 17-24, 511,500. Received cash from clients on account, $16,300. Paid receptionist for two weeks' salary, $2,000 24 26 27 28 27 Received cash from clients on account, $16,300. Pald receptionist for two weeks' salary, $2,000. 29 Pald telephone bill for July, $440. 31 Paid electricity bill for July $910. Received cash from cash clients for fees earned for the period July 25-31, $9,800. Provided services on account for the remainder of July, $7,400. Samantha withdrew $27,100 for personal use. 31 31 31 Required: 1. Journalize each transaction in a two-column Journal starting on Page 1, referring to the chart of accounts in selecting the accounts to be do and credited. (Do not insert the account numbers in the journal at this time.) 2. Post the Juily transactions A. Download the spreadsheet in the Ledger panel and save the Excel file to your computer. Use the spreadsheet to post the suy transactio from the journal to a ledger of four column accounts. Be sure to save your work in Excel as it will be used to complete the following steps in Part 1 of this problem as well as steps In Part 2 of this problem. Your input into the spreadsheet will not be included in your grade in CengageNOW on this problem. 8. Add the appropriate posting reference to the journal in CengageNow. 3. Prepare an unadjusted trial balance. Accounts with zero balances can be left blank 4. At the end of July, the following adjustment data were assembled. Analyze and use these data to complete requirementsy5) and (6). Insurance expired during July is $510. Supplies on hand on July 31 are $3,900 Depreciation of office equipment for July is $540. Accrued receptionist salary on July 31 is $190. Rent expired during July is $2,700. Unearned fees on July 31 are 4,100. 3. Prepare an unadjusted trial balance. Accounts with zero balances can be left blank. 4. At the end of July, the following adjustment data were assembled. Analyze and use these data to complete requiremer Insurance expired during July is $510. Supplies on hand on July 31 are $3,900. Depreciation of office equipment for July is $540. Accrued receptionist salary on July 31 is $190. Rent expired during July is $2,700. Uneamed fees on July 31 are $4,100 5. (Optional) On your own paper or spreadsheet, enter the unadjusted trial balance on an end-of-period work sheet and com spreadsheet. Find a blank end-of-period work sheet in the Excel spreadsheet you previously downloaded. 6. A. Joumalize the adjusting entries on page 3 of the journal. Adjusting entries are recorded on July 31. B. Use the attached spreadshoot in the Ledger panel to post the adjusting entries to the lodger of four column accounts, ir the accounts affected. Add the appropriate posting reference to the adjusting entries in the journal in CengageNOW. 7. Prepare an adjusted trial balance