Jack Sparrow began professional practice as a system analyst on July 1. He plans to prepare a monthly financial statement. During July, the owner completed these transactions:

#	Date	Transactions
	July 1	The owner invested 500,000 cash along with computer equipment that had a market value of 120,000 two years ago but was now worth 100,000 only.
	July 2	Paid 15,000 cash for the rent of office space for the month.
	July 4	Purchased 12,000 of additional equipment on credit (due within 30 days).
	July 8	Completed work for a client and immediately collected the 32,000 cash.
	July 10	Completed work for a client & sent a bill for 27,000 to be paid within 30 days.
	July 12	Purchased additional equipment for 8,000 in cash.
	July 15	Paid an assistant 6,200 cash as wages for 15 days.
	July 18	Collected 15,000 on the amount owed by the client.
	July 25	Paid 12,000 cash to settle the liability on the equipment purchased.
	July 28	The owner withdrew 500 cash for personal use.
	July 30	Completed work for a client who paid 40,000 for 50% of the system design.
	July 31	Paid salary of assistant 700.
	July 31	Received phone bill, 1,800 and electricity bill 3,800.

Required: For this business, prepare all 3:

Journal entries

T-accounts (categorized into the expanded accounting equations)

Trial balance