Journal entries

Transaction Analysis and Trial Balance Pam Brown owns Art Graphics, a firm providing designs for advertisers and market analysts. On July 1, the business's general ledger showed the following normal account balances: Cash $9,200 Accounts Payable $2,800 Accounts Receivable 10,500 Notes Payable 5,700 Common Stock 2.000 Retained Earnings 9.200 Total Assets $19,700 Total Liabilities and Stockholders' Equity $19.700 support The following transactions occurred during the month of July: July 1 Paid july rent, $1,370. 2 Collected 57.800 on account from customers 3 Paid 53,200 installment due on the $5,700 noninterest-bearing note payable 4 Billed customers for design services rendered on account, 17.250 5 Rendered design services and collected from cash customers, $1,900. 6 Paid $2,100 to creditors on account 7 Collected $13.450 on account from customers. 8 Paid a delivery service for delivery of graphics to commercial firms, 51.100 9 Paid july salaries, 55,300 10 Received invoice for July advertising experse, to be paid in August, 51,300. 11 Paid utilities for July, 51,050. 12 Paid stockholders a dividend of $2.700 cash 13 Received invoice for supplies used in July, to be paid in August, 52.960. 14 Purchased computer for $5,000 cash to be used in business starting next month NESS a. Set up accounts for the general ledger with July 1 balances and enter the beginning balances. Also provide the following accounts: Equipment; Service Fees Earned; Rent Expense; Salaries Expense; Delivery Expense; Advertising Expense; Utilities Expense; Supplies Expense; and Dividends. Prepare journal entries and record the listed transactions in the appropriate T-accounts. b. Prepare a trial balance as of July 31. Journal Entries T-Accounts Trial Balance General Journal Description Ret Debit Crede 0 0 0 0 Support To record payment of rent expense. . 0 0 123 0 0 To record collections from customers. 0 0 (3) 0 0 To record payment of notes payable . (4) 0 0 0 0 To record customer billings 0 0 (5) 0 D To record service fees rendered and collected . 0 0 16) 0 0 To record payments to creditors. D (71 0 0 0 To record collections from customers 0 0 (8) 0 O To record service fees rendered and 0 0 (6) . 0 0 To record payments to creditors. . 0 (7) OO 0 To record collections from customers. 0 0 (8) . 0 0 To record payment of delivery expense. (9) o o o o > To record salaries expense. (10) 0 0 . 0 0 To record advertising expense to be paid following month. 0 0 (11) 0 0 To record payment of utilities expense. (12) 0 0 > > 0 0 To record payment of dividends. (13) > 0 o o 0 To record supplies expense for the month (14) 0 40 0 To record purchase of computer, Please answer all parts of the