Jojo's Jump Rope Company provided the following post-closing trial balance. Cash Accounts receivable Building Land Accounts payable Unearned service revenue Common stock Retained earnings Totals Jojo's Jump Rope Company Post-closing Trial Balance July 31 Debit Credit 90,000 9,400 40,000 100,000 4,800 7,125 32,600 194,875 239,400 239,400 1. Jojo's Jump Rope Company had the following transactions occur during the month of August. Analyze the transactions and prepare the appropriate journal entries. (You may want to use T-accounts to help you think through debits and credits, but the final solution is a set of properly formatted journal entries. Date 8/1 8/4 8/7 8/10 8/12 8/14 8/22 8/27 Description Jojo sold $320 in rope handle refinishing services, but has not performed the service. Jojo purchased a building in town for $27,500, using a mortgage note for financing. Jojo performed the refinishing services for the client from August 1. Jojo purchased a $600 insurance policy that will be effective September 1. Jojo went to a local store and bought $460 worth of office supplies on account. Jojo paid $1,800 for a billboard advertisement (he paid in cash). Jojo took on a new client and performed $900 in jump rope repair services. Jojo paid wages of $9,000 to his employees. 2. Using the trial balance from July 31 and the journal entries you prepared above, prepare a trial balance for Jojo's Jump Rope Company