Journal Entries

For the past several years, Samantha Hogan has operated a part$-$time consulting business from her home. As of July $1,20Y9,$ Samantha decided to move to rented quarters and to operate the business, which was to be known as Arborvite Consulting, on a full$-$time basis. Arborvite Consulting entered into the following transactions during July:

July $1.$ The following assets were received from Samantha Hogan: cash, $$25,700$; accounts receivable, $$30,200$; supplies, $$5,100$; and office equipment, $$12,100.$ There were no liabilities received.

Paid three months' rent on a lease rental contract, $$8,100.$

Paid the premiums on property and casualty insurance policies, $$6,100.$

Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $$10,800.$

Purchased additional office equipment on account from Office Necessities Co$.,$ $$6,900.$

Received cash from clients on account, $$17,300.$

Paid cash for a newspaper advertisement, $$680.$

Paid Office Necessities Co$.$ for part of the debt incurred on July $5,$$$4,100.$

Provided services on account for the period July $1-12,$$$19,200.$

Paid receptionist for two weeks' salary, $$2,000.$

Record the following transactions on Page $2$ of the journal:

$17.$ Received cash from cash clients for fees eamed during the period July $1-17,$$$14,100.$

$18.$ Paid cash for supplies, $$1,400.$

$20.$ Provided services on account for the period July $13-20,$$$12,200.$

$24.$ Received cash from cash clients for fees earned for the period July $17-24,$ $$11,500.$

$26.$ Received cash from clients on account, $$16,300.$

$27.$ Paid receptionist for two weeks' salary, $$2,000.$

$29.$ Paid telephone bill for July, $$440.$

$31.$ Paid electricity bill for July, $$910.$

$31.$ Received cash from cash clients for fees earned for the period july $25-31,$$$9,600.$

$31.$ Provided services on account for the remainder of July, $$7,400.$

$31.$ Samantha withdrew $$27,100$ for personal use.

Adjusting Entries:

At the end of July, the following adjustment data were assembled. Analyze and use these data to complete parts $(5)$ and $(6).$

a$.$ Insurance expired during July is $$510.$

b$.$ Supplies on hand on July $31$ are $$3,900.$

c$.$ Depreciation of office equipment for July is $$540.$

d$.$ Accrued receptionist salary on July $31$ is $$190.$

e$.$ Rent expired during July is $$2,700.$

f$.$ Unearned fees on July $31$ are $$4,100.$