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At June 30, 2022, the end of its most recent fiscal year, Ayayal Computer Consultants' post-closing trial balance was as follows. Credit Debit $5,760 1.300 720 Cash Accounts receivable Supplies Accounts payable Unearned service revenue Common stock Retained earnings $360 1.210 3.770 2,440 $7,780 $7,780 3 OO) 6) 10 The company underwent a major expansion in July, New staff was hired and more financing was obtained, Ayayai conducted the following transactions during July 2022. and adjusts its accounts monthly July 1 Purchased equipment paying $4,000 cash and signing a 2-year note payable for $20,000. The equipment has a 4- year useful life. The note has a 6% interest rate which is payable on the first day of each following month. 2 Issued 18,000 shares of common stock for $45,000 cash 3 Paid $3.720 cash for a 12-month insurance policy effective July 1 Paid the first 2 Luty and August 2022) month rent for an annual lease of office space for 53,700 per month Paid $3.700 for supplies Visited dient offices and agreed on the terms of a consulting project. Ayayal will bill the client. Connor Productions, on the 20th of each month for services performed. Collected $1.300 cash on account from Miami Brothers. This client was billed in June when Ayayai performed the service Performed services for Fitzgerald Enterprises. This client paid $1.210 in advance last month. All services relating to this payment are now completed Pald $360 cash for a utility bill. This related to June utilities that were accrued at the end of June Met with a a new client. Thunder Bay Technologies. Received 12.300 cash in advance for future services to be performed Pald semi-monthly salaries for $11.900 Performed services worth $27.200 on account and billed customers. Received a bill for $2.300 for advertising wrvices received during July. The amount is not due until August 15 23 Performed the first phase of the project for Thunder Bay Technologies. Recognized 59.800 of revenue from the cash advance received July 16. 27 Received $15.000 cash from customers billed on July 20. 13 16 18 20 20 The chart of accounts for Ayayal Computer Consultants contains the following accounts: Cash, Accounts Receivable Supplies Prepaid insurance Prepaid Rent Equipment, Accumulated Depreciation-Equipment, Accounts Payable Notes Payable Interest Payable, Income Taxes Payable, Salaries and Wages Payable, Unearned Service Ravenue. Common Stock, Retained Earnings, Income Summary Service Revenue. Supplies Expense, Depreciation Expense Insurance Expense, Salaries and Wapus Bpente Advertising Expense, Income Tax Expen, Interest Expense Rent Expense and Utilities Expense Joumele they recor. Creditres online when the ancient Donati Weedlect "No Entry for the title and enter for them are the in the problemine entry sectory for the order for the amount Date Account Tities and Explanation men Debe Credit Car Now ya V Commons ya V Prepaid ya > Preguldent Cam wyd > 5.com Tata 1.000 170 > > > A > > > > > > > > A NRP Go AccordRece 1.300 PA President 1380 | AR UR Su 720 TAN WYM Garte Ae Please A >>>> >>>>>>>> TATA TIA W1 Prepare a trial balance at July 31. AYAYAI COMPUTER CONSULTANTS Trial Balances Debit Credit $ S $ Adjustment data 1 2 3 4 S. 6. 7. 8. Adjustment of prepaid insurance Adjustment of prepaid rent Supplies used. $1,380. Equipment depreciation 5500 per month Accrual of interest on note payable. (Hint Use the form from Illustration 3 17 to compute interest) Salaries for the second half of July, $11.900, to be paid on August 1 Estimated utilities expense for July $900 invoice will be received in Augusti Income tax for suly. 51,200, will be paid in August (Hint: Use the accounts Income Tax Expense and Income Taxes Payable.) Journalize the adjusting entries for the month ending July 31 Credit account titles are automatically indented when the amounts entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record Journal entries in the order presented in the problem. I no entry is required, select "No Entry for the account titles and enter for the amounts: No. Date Account Titles and Explanation Debit Credit July 1 31 insurance Expense Prepald Insurance 2 July 31 Rent Expense Prepaid Rent 3. July 31 Supplepende Supplies July 31 Depreciation Depende Recumulated Depredation Equipment 5. July 31 Interested Increst Payable July 31 Salaries and Wages Expense salaries and Wages Payable 7 July 31 pere Accounts Payable 8 July 31 Income Taxe Income Tax Payable Post the adjusting entries for the month ending Jury 31 (Post entries in the order of journal entries presented in the previous port) Cash July 1 Bal July 2 July 10 July 16 July 27 4.000 3.720 7.400 3.700 360 11.900 5.760 July 1 45,000 July 3 1,300 July 3 12.300 July 6 15.000 July 14 July 18 48.280 Accounts Receivable 1.300 July 10 27.200 July 27 12.200 Prepaid Insurance July 31 Bal July 1 Bat July 20 July 31 1.300 15.000 July 3 3720 V Supplies 720 > > > > > July 1 bal July 6 3.700 Prepaid Rent 7.400 July 3 > > > Interest Payable > > > Salaries and Wages Payable > Income Tanes Payabia interest Selenda > > BE MARE Advertaling 2230 2300 Suo US D >>> Prepare an adjusted trial balance AYAYAI COMPUTER CONSULTANTS Trial Balances Debit Credit $ $ Prepare an income statement for July AYAYAI COMPUTER CONSULTANTS Income Statement $ > $ Prepare a retained eaming statement for July AYAYAI COMPUTER CONSULTANTS Retained Earnings Statement $ S Prepare adassified balance sheet at July 31, (List Current Assets in order of liquidity] AYAYAI COMPUTER CONSULTANTS Balance Sheet Assets 5 interek 100 Tax Expen July 1 Inconnue Prepare a post-closing trial balance at July 31. AYAYAI COMPUTER CONSULTANTS Post-Closing Trial Balance Debit Credit $ $ 5 S At June 30, 2022, the end of its most recent fiscal year. Avayal Computer Consultants' post-dosing trial balance was as follows: Credit Debit 55,760 1,300 720 Cash Accounts receivable Supplies Accounts payable Unearned service revenue Common stock Retained earnings $360 1.210 3.770 2.440 $7.780 $7.780 1 ON 9 The company underwent a major expansion in July. New staff was hired and more financing was obtained. Ayayai conducted the following transactions during July 2022 and adjusts its accounts monthly July Purchased equipment, paying $4,000 cash and signing a 2-year note payable for $20,000. The equipment has a 4- year useful life. The note has a 6% interest rate which is payable on the first day of each following month Issued 18,000 shares of common stock for $45,000 cash. Paid $3,720 cash for a 12-month insurance policy effective July 1. Pald the first 2 Ouly and August 2022) month rent for an annual lease of office space for $3.700 per month. Paid $3700 for supplies Vilted client others and agreed on the terms of a consulting project. Ayayai will bill the client, Connor Productions on the 20th of each month for services performed Collected 51.300 cash on account from Milan Brothers. This client was billed in June when Avayol performed the service Performed services for Fitzgerald Enterprises. This client paid $1.210 in advance last month. All services relating to this payment are now completed Paid $360 cash for a utility bill. This related to June utiltles that were accrued at the end of June. Mut with a new client. Thunder Bay Technologies. Received $12.300 cash in advance for future services to be Pald semi-monthly salaries for $11.900 Performed services worth 527,200 on account and billed customers. Received a bill for $2,300 for advertising services received during July The amount is not die until August 15 Performed the first phase of the project for Thunder Bay Technologies. Recognized 59,800 of revenue from the cash advance received July 16. Received $15.000 cash from customers billed on July 20 10 13 16 performed 18 20 20 23 27 The chart of accounts for Ayayal Computer Consultants contains the following accounts Cash Accounts Receivable Supplies Prepaid insurance Prepeld Rent Equipment. Accumulated Depreciation Equipment Accounts Payable. Notes Payable Interest Payable Income Taxes Payable. Salaries and Wapes Payable, Unearned Service Revenue, Common Stock Retained Earnings, Income Summary Service Revenue, Supplies Expense Depredation Expense Insurance Expens, Salaries and Wages Expense Advertising Expense, Income Tax Expens interest Expense Rent Expense and Utilities Expense Journalize the July transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the accountities and enter for the amounts) Date Account Titles and Explanation Debit Credit Suly Euipment Notes Payable July 2 Common Stock July 3 Prepaid Insurance July 3 Prepaid Rent Cash July Supplies July >> No Entry July 10 Cash Accounts Receivable July 13 Uncanned Service Revenue Service Revenue Jy24 Accounts Payable July 16 V Uncamed Service Revenue Sales and Wages Expert 20 Accounts Receivable Service Advertising Expense Accounts July 20 Advertising Expert Accounts Payable Unearned Service Revenue Service Revenue July 23 20427 v Accounts Receivable eTextbook and Media List of Accounts Attempts: 0 of 3 used Submit A Save for Later Last saved 1 second ago Saved work will be auto-submitted on the due date (c) Post to the ledger accounts (Post entries in the order of journal entries presented in the previous part) Cash July 1 Bat 5,760 > Accounts Receivable 1.300 July 1 Bat Prepaid Insurance Supplies 720 July 1 bal > > Equipment >> Accounts Payable July 1 Bal 360 > Uneamed Service Revenue July 1B 1.210 Notes Payable Common Stock July 1B 3.70 2440 Retained Earnings July 1 July 31 Service Revenue Service Revenue > Salaries and Wages Expense >> Advertising Expense eTextbook and Media List of Accounts Safor Later Attempts: 0 of 3 used Sumt. Am (d) Prepare a trial balance at July 31 AYAYAI COMPUTER CONSULTANTS Trial Balances Debit Credit Prepare a trial balance at July 31. AYAYAI COMPUTER CONSULTANTS Trial Balances Debit Credit $ Adjustment data: 1 2 4 5. 6. 7 8 Adjustment of prepaid insurance Adjustment of prepaid rent Supplies used. 51,380 Equipment depreciation, 5500 per month Accrual of interest on note payable. (Hint: Use the formula from Illustration 3.17 to compute interest.) Salaries for the second half of July, $11.900, to be paid on August 1. Estimated utilities expense for July. S900 (invoice will be received in August) Income tax for July, $1.200, will be paid in August (Hint: Use the accounts Income Tax Expense and Income Taxes Payable.) Journalize the adjusting entries for the month ending July 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manuallyIf no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter Ofor the amounts.) No. Date Account Titles and Explanation Debit Credit July 31 Insurance Dipense 1 Prepaid Insurance 2 July 31 Rent Expense Prepaid Rent 3 July 31 Supplies per Supplies July 31 Depreciation Expense Accuma Depreciation Equipment 5 Interest Expense Interest Pay July Swan Wapens Sand Who Pay 7 31 July Post the adjusting entries for the month ending July 31. Post entries in the order of journal entries presented in the previous part) July 1 BA July 2 July 10 July 16 July 27 Cash 5.760 July 1 45.000 July 3 1.300 July 3 12,300 July 15.000 July 14 4000 3.720 7.400 3,700 360 11.900 July 18 July 31 Bal July 1 Bal July 20 July 31 Bal 48,280 Accounts Receivable 1,300 July 10 27.200 July 27 12.200 Prepaid Insurance 3,720 1.300 15.000 July 3 V Supplies 720 July 1 bal July 6 3.700 Prepaid Rent 7.400 July 3 Equipment 24000 24000 Accumulated Depreciation Equipment July 31 21 July 14 Accounts Payable 360 July 1 Bal July 20 > > > Interest Payable Salaries and Wages Payable V > Income Taxes Payable July 13 July 23 1210 12300 2.500 20.000 20.000 Unearned Service Revenue 1210 July 1 Bal 9,800 July 16 July 31 Bal Notes Payable July 1 July 31 Bal Common Stock July 1 Bal July 2 July 31 Bal Retained Eaming July 1 B July 31 Bal Service Revenue July 13 July 20 July 23 July 31 Bal Salaries and Wages Expense 3.770 45.000 48.770 2440 27 200 9,800 38.210 July 18 11.900 >> Rent Expense July 20 July 31 Advertising Expense 2.300 2.300 Supplies Expense Utilies Expense Type here to search C Utilities Expense V > Depreciation Expense Interest Expense > V Prepare an adjusted trial balance AYAYAI COMPUTER CONSULTANTS Trial Balances Debit Credit Prepare an income statement for July. AYAYAI COMPUTER CONSULTANTS Income Statement $ $ Prepare a retained earning statement for July AYAYAI COMPUTER CONSULTANTS Retained Earnings Statement $ eTextbook and Media List of Accounts Sartor Later Attempts: 0 of 3 used Submit (83) Prepare a classified balance sheet at July 31 (List Current Assets in order of liquidity) AYAYAI COMPUTER CONSULTANTS Balance Sheet Assets Liabilities and Stockholders Equity ANARANGOUTENEOUERNS Balance Sheet Assets $ > Liabilities and Stockholders Equity > Journalize the dosing entries. (Credit account tities are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit July 31 (To close revenue account) July 31 (To dose expense accounts) July 31 (To dose net income to retained earnings) Post the closing entries and complete the closing process. (Post entries in the order of journal entries presented in the previous part fending balance is zero please enter on normal balance side.) July 1 Bal July 2 July 10 July 16 July 27 4.000 3.720 7.400 3.700 360 11.900 July 31 Bal. July 1 Bal July 20 July 31 Bal 1300 15.000 310 July 3 July 31 Bal 1380 July 1 Bal July 6 July 31 Bal Cash 5.760 July 1 45.000 July 3 1.300 July 3 12.300 July 6 15,000 July 14 July 18 48.280 Accounts Receivable 1300 July 10 27.200 July 27 12.200 Prepaid Insurance 3.720 July 31 3,410 Supplies 720 July 31 3.700 3.040 Prepaid Rent 7.400 July 31 3.700 Equipment 24000 24.000 Accumulated Depreciation-Equipment July 31 July 31 Accounts Payable 360 July 1 Bal July 20 July 21 July 31 Interest Payable July 31 July 31 Bal Salaries and Wages Payable July 3 July 31 Bul Income Taxes Payable July 31 y 31 Unearned Service Reno 3.700 July 3 July 31 Bal July 1 July 31 500 500 July 14 360 2.300 900 100 100 11 900 1200 July 13 July 23 1.210 12.300 2.500 Unearned Service Revenue 1.210 July 1 Bal 9.800 July 16 July 31 Bal Notes Payable July 1 July 31 Bal Common Stock July 1 bal July 2 July 31 Bal Retained Earnings July 1 Bal 20.000 20.000 3.770 45,000 48.770 2440 Service Revenue July 13 1.210 July 20 27.200 July 23 9,800 Salaries and Wages Expense 11.900 July 18 July 31 11.900 Rent Expense 3.700 > July 31 Advertising Expense 2.300 July 20 > Supplies Expense 1.380 Utilities Expense 200 July 31 Supplies Expense 1.380 V July 31 V Utilities Expense 900 July 31 V Depreciation Expense 500 July 31 Preguldent Cam wyd > 5.com Tata 1.000 170 > > > A > > > > > > > > A NRP Go AccordRece 1.300 PA President 1380 | AR UR Su 720 TAN WYM Garte Ae Please A >>>> >>>>>>>> TATA TIA W1 Prepare a trial balance at July 31. AYAYAI COMPUTER CONSULTANTS Trial Balances Debit Credit $ S $ Adjustment data 1 2 3 4 S. 6. 7. 8. Adjustment of prepaid insurance Adjustment of prepaid rent Supplies used. $1,380. Equipment depreciation 5500 per month Accrual of interest on note payable. (Hint Use the form from Illustration 3 17 to compute interest) Salaries for the second half of July, $11.900, to be paid on August 1 Estimated utilities expense for July $900 invoice will be received in Augusti Income tax for suly. 51,200, will be paid in August (Hint: Use the accounts Income Tax Expense and Income Taxes Payable.) Journalize the adjusting entries for the month ending July 31 Credit account titles are automatically indented when the amounts entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record Journal entries in the order presented in the problem. I no entry is required, select "No Entry for the account titles and enter for the amounts: No. Date Account Titles and Explanation Debit Credit July 1 31 insurance Expense Prepald Insurance 2 July 31 Rent Expense Prepaid Rent 3. July 31 Supplepende Supplies July 31 Depreciation Depende Recumulated Depredation Equipment 5. July 31 Interested Increst Payable July 31 Salaries and Wages Expense salaries and Wages Payable 7 July 31 pere Accounts Payable 8 July 31 Income Taxe Income Tax Payable Post the adjusting entries for the month ending Jury 31 (Post entries in the order of journal entries presented in the previous port) Cash July 1 Bal July 2 July 10 July 16 July 27 4.000 3.720 7.400 3.700 360 11.900 5.760 July 1 45,000 July 3 1,300 July 3 12.300 July 6 15.000 July 14 July 18 48.280 Accounts Receivable 1.300 July 10 27.200 July 27 12.200 Prepaid Insurance July 31 Bal July 1 Bat July 20 July 31 1.300 15.000 July 3 3720 V Supplies 720 > > > > > July 1 bal July 6 3.700 Prepaid Rent 7.400 July 3 > > > Interest Payable > > > Salaries and Wages Payable > Income Tanes Payabia interest Selenda > > BE MARE Advertaling 2230 2300 Suo US D >>> Prepare an adjusted trial balance AYAYAI COMPUTER CONSULTANTS Trial Balances Debit Credit $ $ Prepare an income statement for July AYAYAI COMPUTER CONSULTANTS Income Statement $ > $ Prepare a retained eaming statement for July AYAYAI COMPUTER CONSULTANTS Retained Earnings Statement $ S Prepare adassified balance sheet at July 31, (List Current Assets in order of liquidity] AYAYAI COMPUTER CONSULTANTS Balance Sheet Assets 5 interek 100 Tax Expen July 1 Inconnue Prepare a post-closing trial balance at July 31. AYAYAI COMPUTER CONSULTANTS Post-Closing Trial Balance Debit Credit $ $ 5 S At June 30, 2022, the end of its most recent fiscal year. Avayal Computer Consultants' post-dosing trial balance was as follows: Credit Debit 55,760 1,300 720 Cash Accounts receivable Supplies Accounts payable Unearned service revenue Common stock Retained earnings $360 1.210 3.770 2.440 $7.780 $7.780 1 ON 9 The company underwent a major expansion in July. New staff was hired and more financing was obtained. Ayayai conducted the following transactions during July 2022 and adjusts its accounts monthly July Purchased equipment, paying $4,000 cash and signing a 2-year note payable for $20,000. The equipment has a 4- year useful life. The note has a 6% interest rate which is payable on the first day of each following month Issued 18,000 shares of common stock for $45,000 cash. Paid $3,720 cash for a 12-month insurance policy effective July 1. Pald the first 2 Ouly and August 2022) month rent for an annual lease of office space for $3.700 per month. Paid $3700 for supplies Vilted client others and agreed on the terms of a consulting project. Ayayai will bill the client, Connor Productions on the 20th of each month for services performed Collected 51.300 cash on account from Milan Brothers. This client was billed in June when Avayol performed the service Performed services for Fitzgerald Enterprises. This client paid $1.210 in advance last month. All services relating to this payment are now completed Paid $360 cash for a utility bill. This related to June utiltles that were accrued at the end of June. Mut with a new client. Thunder Bay Technologies. Received $12.300 cash in advance for future services to be Pald semi-monthly salaries for $11.900 Performed services worth 527,200 on account and billed customers. Received a bill for $2,300 for advertising services received during July The amount is not die until August 15 Performed the first phase of the project for Thunder Bay Technologies. Recognized 59,800 of revenue from the cash advance received July 16. Received $15.000 cash from customers billed on July 20 10 13 16 performed 18 20 20 23 27 The chart of accounts for Ayayal Computer Consultants contains the following accounts Cash Accounts Receivable Supplies Prepaid insurance Prepeld Rent Equipment. Accumulated Depreciation Equipment Accounts Payable. Notes Payable Interest Payable Income Taxes Payable. Salaries and Wapes Payable, Unearned Service Revenue, Common Stock Retained Earnings, Income Summary Service Revenue, Supplies Expense Depredation Expense Insurance Expens, Salaries and Wages Expense Advertising Expense, Income Tax Expens interest Expense Rent Expense and Utilities Expense Journalize the July transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the accountities and enter for the amounts) Date Account Titles and Explanation Debit Credit Suly Euipment Notes Payable July 2 Common Stock July 3 Prepaid Insurance July 3 Prepaid Rent Cash July Supplies July >> No Entry July 10 Cash Accounts Receivable July 13 Uncanned Service Revenue Service Revenue Jy24 Accounts Payable July 16 V Uncamed Service Revenue Sales and Wages Expert 20 Accounts Receivable Service Advertising Expense Accounts July 20 Advertising Expert Accounts Payable Unearned Service Revenue Service Revenue July 23 20427 v Accounts Receivable eTextbook and Media List of Accounts Attempts: 0 of 3 used Submit A Save for Later Last saved 1 second ago Saved work will be auto-submitted on the due date (c) Post to the ledger accounts (Post entries in the order of journal entries presented in the previous part) Cash July 1 Bat 5,760 > Accounts Receivable 1.300 July 1 Bat Prepaid Insurance Supplies 720 July 1 bal > > Equipment >> Accounts Payable July 1 Bal 360 > Uneamed Service Revenue July 1B 1.210 Notes Payable Common Stock July 1B 3.70 2440 Retained Earnings July 1 July 31 Service Revenue Service Revenue > Salaries and Wages Expense >> Advertising Expense eTextbook and Media List of Accounts Safor Later Attempts: 0 of 3 used Sumt. Am (d) Prepare a trial balance at July 31 AYAYAI COMPUTER CONSULTANTS Trial Balances Debit Credit Prepare a trial balance at July 31. AYAYAI COMPUTER CONSULTANTS Trial Balances Debit Credit $ Adjustment data: 1 2 4 5. 6. 7 8 Adjustment of prepaid insurance Adjustment of prepaid rent Supplies used. 51,380 Equipment depreciation, 5500 per month Accrual of interest on note payable. (Hint: Use the formula from Illustration 3.17 to compute interest.) Salaries for the second half of July, $11.900, to be paid on August 1. Estimated utilities expense for July. S900 (invoice will be received in August) Income tax for July, $1.200, will be paid in August (Hint: Use the accounts Income Tax Expense and Income Taxes Payable.) Journalize the adjusting entries for the month ending July 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manuallyIf no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter Ofor the amounts.) No. Date Account Titles and Explanation Debit Credit July 31 Insurance Dipense 1 Prepaid Insurance 2 July 31 Rent Expense Prepaid Rent 3 July 31 Supplies per Supplies July 31 Depreciation Expense Accuma Depreciation Equipment 5 Interest Expense Interest Pay July Swan Wapens Sand Who Pay 7 31 July Post the adjusting entries for the month ending July 31. Post entries in the order of journal entries presented in the previous part) July 1 BA July 2 July 10 July 16 July 27 Cash 5.760 July 1 45.000 July 3 1.300 July 3 12,300 July 15.000 July 14 4000 3.720 7.400 3,700 360 11.900 July 18 July 31 Bal July 1 Bal July 20 July 31 Bal 48,280 Accounts Receivable 1,300 July 10 27.200 July 27 12.200 Prepaid Insurance 3,720 1.300 15.000 July 3 V Supplies 720 July 1 bal July 6 3.700 Prepaid Rent 7.400 July 3 Equipment 24000 24000 Accumulated Depreciation Equipment July 31 21 July 14 Accounts Payable 360 July 1 Bal July 20 > > > Interest Payable Salaries and Wages Payable V > Income Taxes Payable July 13 July 23 1210 12300 2.500 20.000 20.000 Unearned Service Revenue 1210 July 1 Bal 9,800 July 16 July 31 Bal Notes Payable July 1 July 31 Bal Common Stock July 1 Bal July 2 July 31 Bal Retained Eaming July 1 B July 31 Bal Service Revenue July 13 July 20 July 23 July 31 Bal Salaries and Wages Expense 3.770 45.000 48.770 2440 27 200 9,800 38.210 July 18 11.900 >> Rent Expense July 20 July 31 Advertising Expense 2.300 2.300 Supplies Expense Utilies Expense Type here to search C Utilities Expense V > Depreciation Expense Interest Expense > V Prepare an adjusted trial balance AYAYAI COMPUTER CONSULTANTS Trial Balances Debit Credit Prepare an income statement for July. AYAYAI COMPUTER CONSULTANTS Income Statement $ $ Prepare a retained earning statement for July AYAYAI COMPUTER CONSULTANTS Retained Earnings Statement $ eTextbook and Media List of Accounts Sartor Later Attempts: 0 of 3 used Submit (83) Prepare a classified balance sheet at July 31 (List Current Assets in order of liquidity) AYAYAI COMPUTER CONSULTANTS Balance Sheet Assets Liabilities and Stockholders Equity ANARANGOUTENEOUERNS Balance Sheet Assets $ > Liabilities and Stockholders Equity > Journalize the dosing entries. (Credit account tities are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit July 31 (To close revenue account) July 31 (To dose expense accounts) July 31 (To dose net income to retained earnings) Post the closing entries and complete the closing process. (Post entries in the order of journal entries presented in the previous part fending balance is zero please enter on normal balance side.) July 1 Bal July 2 July 10 July 16 July 27 4.000 3.720 7.400 3.700 360 11.900 July 31 Bal. July 1 Bal July 20 July 31 Bal 1300 15.000 310 July 3 July 31 Bal 1380 July 1 Bal July 6 July 31 Bal Cash 5.760 July 1 45.000 July 3 1.300 July 3 12.300 July 6 15,000 July 14 July 18 48.280 Accounts Receivable 1300 July 10 27.200 July 27 12.200 Prepaid Insurance 3.720 July 31 3,410 Supplies 720 July 31 3.700 3.040 Prepaid Rent 7.400 July 31 3.700 Equipment 24000 24.000 Accumulated Depreciation-Equipment July 31 July 31 Accounts Payable 360 July 1 Bal July 20 July 21 July 31 Interest Payable July 31 July 31 Bal Salaries and Wages Payable July 3 July 31 Bul Income Taxes Payable July 31 y 31 Unearned Service Reno 3.700 July 3 July 31 Bal July 1 July 31 500 500 July 14 360 2.300 900 100 100 11 900 1200 July 13 July 23 1.210 12.300 2.500 Unearned Service Revenue 1.210 July 1 Bal 9.800 July 16 July 31 Bal Notes Payable July 1 July 31 Bal Common Stock July 1 bal July 2 July 31 Bal Retained Earnings July 1 Bal 20.000 20.000 3.770 45,000 48.770 2440 Service Revenue July 13 1.210 July 20 27.200 July 23 9,800 Salaries and Wages Expense 11.900 July 18 July 31 11.900 Rent Expense 3.700 > July 31 Advertising Expense 2.300 July 20 > Supplies Expense 1.380 Utilities Expense 200 July 31 Supplies Expense 1.380 V July 31 V Utilities Expense 900 July 31 V Depreciation Expense 500 July 31