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Homework Adjusted Trial balance Willa Washington's Wallpaper began business on July 1st and had the following transactions: 7-1: Willa Washington Contributed $400,000 cash to www.

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Homework Adjusted Trial balance Willa Washington's Wallpaper began business on July 1st and had the following transactions: 7-1: Willa Washington Contributed $400,000 cash to www. 7-2: Www purchased supplies for $15,000, cash. 7-5: WWW purchased equipment on Account $60,000 Home Depot. 7-7: WWW signed a lease and paid $60,000, cash. The term of the lease is six months beginning July 1st. 7-9: WWW received a $100,000, cash advance from Walmart, for wallpapering to be provided in the future. 7-10: Www wallpapered Macy's and billed them $200,000 7-11: Www paid the Home Depot bill in cash, $60,000. 7-15: WWW received $200,000 from Macy's in full payment of the accounts receivable dated July 10th. 7-20: Willa Washington took a $50,000 cash withdrawal from Www. Information for Adjustments: a. Depreciation Expense $3,000 b. Salaries earned but not paid as of July 31st are $50,000 c. Unused Supplies $2,000 d. Rent expense $10,000 e. Provided $50,000 of wallpapering services for Walmart f. Www received Marketing Services of $20,000, in July. This amount has not been recorded as of July 31st. g. Www provided Wallpapering services in the amount of $40,000 to CVS. during July. This amount has not been recorded as of July 31st. Required: Record the transactions in the journal, post them to the ledger, prepare a trial balance, prepare adjusting journal entries, post them to the ledger, prepare an adjusted trial balance

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