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General Journal Date Description(Account Name) Debit Credit 1-Jul Cash 90,000 Common stock 90,000 3-Jul Rent expense 5,500 Cash 5,500 5-Jul Prepaid Insurance 4,800 Cash 4,800

General Journal
Date Description(Account Name) Debit Credit
1-Jul Cash 90,000
Common stock 90,000
3-Jul Rent expense 5,500
Cash 5,500
5-Jul Prepaid Insurance 4,800
Cash 4,800
7-Jul Supplies 900
Accounts Payable 900
10-Jul Salaries Expense 3,300
Cash 3,300
14-Jul Equipment 11,500
Cash 1,500
Accounts Payable 10,000
15-Jul Cash 7,700
Revenue 7,700
19-Jul Accounts Payable 500
Cash 500
31-Jul Cash 8,505
Revenue 8,505
31-Jul Cash 600
Dividends 600
133,305

133,305

Prepare a trial balance for July in the space below.
Prepare adjusting entries using the following information in the General Journal
below. Show your calculations!
a) One month's insurance has expired.
b) The remaining inventory of supplies is $375.
c) The estimated depreciation on equipment is $175.
d) The estimated income taxes are $3,200.
Prepare an adjusted trial balance in the space below.

Do this for me ill give u 1500 points ;)

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