July 1	Acquired $28,000 cash by issuing common stock.
July 2	Paid $6,600 cash in advance for a one-year lease on an office.
July 2	Borrowed $18,000 from National Bank by signing a two-year note with interest at 9% per year. The principal and interest will be repaid on July 1, 2021.
July 3	Paid $14,400 cash for office equipment with a useful life of 5 years and no salvage value.
July 4	Paid $300 cash for a one-year insurance policy.
July 7	Purchased supplies on account for $450.
July 10	Earned $9,000 of consulting revenue. Client paid cash.
July 15	Hired a secretary-receptionist and agreed to pay him $1,200 a month, payable the first of every month for the wages earned in the prior month.
July 20	Received monthly utility bill for $120. It will be paid in August.
July 22	Received $3,000 from a client for services to be performed in August
July 25	Billed clients for providing $8,000 in services.
July 28	Paid for supplies purchased on July 7.
July 30	Collected $2,700 from accounts receivable.
July 1	Acquired $28,000 cash by issuing common stock.
July 2	Paid $6,600 cash in advance for a one-year lease on an office.
July 2	Borrowed $18,000 from National Bank by signing a two-year note with interest at 9% per year. The principal and interest will be repaid on July 1, 2021.
July 3	Paid $14,400 cash for office equipment with a useful life of 5 years and no salvage value.
July 4	Paid $300 cash for a one-year insurance policy.
July 7	Purchased supplies on account for $450.
July 10	Earned $9,000 of consulting revenue. Client paid cash.
July 15	Hired a secretary-receptionist and agreed to pay him $1,200 a month, payable the first of every month for the wages earned in the prior month.
July 20	Received monthly utility bill for $120. It will be paid in August.
July 22	Received $3,000 from a client for services to be performed in August
July 25	Billed clients for providing $8,000 in services.
July 28	Paid for supplies purchased on July 7.
July 30	Collected $2,700 from accounts receivable.

Requirement #1: Prepare journal entries for the July transactions and post to the ledger.