Jul 1 Receipts Jul 31 Jul 1 Acquisition Jul 31 Cash 224,000 Jul 1 1,170,400 Payments 1,260,000 Receipts 134,400 Jul 31 Equipment 506,800 11,200 518,000 Accrued Liabilities TUJUL 1 Accounts Receivable 22,400 1,461,600 Collections 313,600 39 200 Quarterly Accumulated Depreciation-Equipment Jul 1 Depreciation Jul 31 Retained Earnings Print Jul 1 1,170,400 Purchases Jul 31 126,000 14,000 Payments 140,000 176 400 Done Inventory 16,800 1,212,400 Cost of Sales 932,400 296,800 Accounts Payable Jul 1 935,200 Purchases Jul 31 42,000 1,212,400 319,200