INSTRUCTIONS:  A. PREPARE WITH EXPANDED ACCOUNTING EQUATION. B. PREPARE A JOURNAL WITH JULY TRANSACTIONS. C. TRANSFER TO THE LEDGER (T ACCOUNTS) THE JULY TRANSACTIONS. D. PREPARE THE TRIAL BALANCE.  JUAN VAZQUEZ STARTED HIS OWN JUAN'S CAR WASHING BUSINESS ON JULY 1, ____. DURING THE MONTH, THE FOLLOWING TRANSACTIONS WERE COMPLETED. 

JULY 1INVESTED $25,000 IN THE COMPANY.

2 GAVE $2,500 IN SERVICES ON ACCOUNT AND BILLED THECLIENT NAMED PEREZ.

3BOUGHT EQUIPMENT FOR $30,000, PAID $10,000 IN CASH ANDTHE REST WAS TAKEN ON ACCOUNT WITH A LOAN.

4BOUGHT CLEANING SUPPLIES FROM OFFICE MAX FOR $800 ONACCOUNT.

5PAID $2,400 IN CASH FOR RENT FOR A WHOLE YEAR.

18 PAID $500 IN CASH TO OFFICE MAX FOR TRANSACTION 3.

19 PAID $2,400 IN EMPLOYEE SALARIES.

20 RECEIVED $200 IN CASH FROM PEREZ, WHO WAS BILLEDON JULY 2.

25 RECEIVED $3,000 FOR CAR WASHING SERVICES.

31 PAID $400 FOR ADVERTISING SERVICES.

31 WITHDREW $1,000 FOR PERSONAL USE.

THE CHARTS OF ACCOUNTS OF THE BUSINESS CONTAINS THE FOLLOWING ACCOUNTS:

101 CASH

102 ACCOUNTS RECEIVABLE

103 SUPPLIES

104 PREPAID RENT

105 EQUIPMENT

201 ACCOUNTS PAYABLE

202 NOTES PAYABLE

301 JUAN VAZQUEZ, CAPITAL

302 JUAN VAZQUEZ, DRAWING

401 SERVICE REVENUE

501 ADVERTISING EXPENSE

502 SALARIES EXPENSE