Grindstone Paving provides residential and commercial paving services. Its balance sheet at the end of June 2018 is shown below, along with its chart of accounts.

Balance Sheet
Assets Cash 7580 Accounts Receivable 6000 Prepaid Insurance 1800 Equipment 55000	Liabilities Accounts Payable 15800 Unearned Revenue 6200 Notes Payable 22000 Total Liabilities 44000 Owners Equity Stone,Capital 26380
Total Assets 70380	Total Liabilities and Owners Equity 70380

Account Description	Account #
ASSETS
Cash	101
A/R	105
Prepaid Insurance	110
Equipment	120
Accumulated Depreciation-Equipment	125
LIABILITIES
A/P	200
Interest Payable	205
Salary Payable	210
Unearned Revenue	215
Notes Payable	220
OWNERS EQUITY
Stone,Capital	300
Stone,Withdrawals	310
Income summary	315
REVENUE
Service Revenue	400
EXPENSES
Advertising Expense	500
Depreciation Expense	510
Insurance Expense	515
INterest Expense	520
Salaries Expense	545
Telephone Expense	550

For the month of July2018, Grindstone Paving had the following transactions

Jul 1 The owner invested 8000 cash into the business

Jul 2 Received 2530 cash for work that will be provided in August

Jul 5 Received an advertising bill for 600, which will be paid next month

Jul 8 Paid the 350 telephone bill with cash

Jul 10 Provided 4680 worth of services to customers who will pay later

Jul 14 Purchased equipment with 8200 cash

Jul 20 Received 2350 in payment from customers paying their accounts

Jul 22 Paid 1970 toward accounts payable

Jul 24 Paid 1300 toward principal of the note payable

Jul 28 Paid salary of 2400 to an employee

Jul 30 The owner withdrew 2200 cash for personal use

At the end of July, the following adjustments had to be journalized to properly report the balances of the companys accounts.

Jul 31 One month of prepaid insurance worth 100 had been used

Jul 31 Monthly depreciation on the equipment was 450

Jul 31Unearned revenue worth 620 has now been earned

Jul 31 Interest of 75 has accrued on the note payable

Jul 31 Accrued salary expense of 500 for an employee NOTE: Of the remaining balance of the note payable, 5000 will be paid within the next year

A) Enter the opening balances from the june 2018 balance sheet into the general ledger accounts

B) Prepare the journal entries for the month of july and post them to appropriate general ledger accounts:

Date	Account title	PR	DR	CR

C) Create the trial balance in the spreadsheet and then complete the remaining section of the spreadsheet:

	Unadjusted trial balance		Adjustments		Adjusted Trial Balance
Account Title	DR	CR	DR	CR	DR	CR

D) Prepare the income statement

E) Prepare the statement of owners equity

F) Prepare the classified balance sheet

G)Prepare the journal entries for the adjustments and post them to the appropriate general ledger accounts

H) Prepare the journal entries to close the books for the month of july 2018(use the income summary account) and post the journal entries to the appropriate general ledger accounts

I) Create the post-closing trial balance