Instructions

a$.$ Journalize and post the July transactions. Use page J$1$ for the journal and the three$-$column form of

account.

b$.$ Prepare a trial balance at July $31$ on a worksheet.

c$.$ Enter the following adjustments on the worksheet and complete the worksheet.

$1.$ Unbilled and uncollected revenue for services performed at July $31$ were $$2,700.$

$2.$ Depreciation on equipment for the month was $$500.$

$3.$ One$-$twelfth of the insurance expired.

$4.$ An inventory count shows $$600$ of cleaning supplies on hand at July $31.$

$5.$ Accrued but unpaid employee salaries were $$1,000.$

d$.$ Prepare the income statement and owner$$s equity statement for July and a classifi ed balance sheet at

July $31.$

e$.$ Journalize and post adjusting entries. Use page J$2$ for the journal.

f$.$ Journalize and post closing entries and complete the closing process. Use page J$3$ for the journal.

g$.$ Prepare a post$-$closing trial balance at July $31.$