July 1	Issued 15,000 shares of the company's common stock in exchange for $15,000.
July 3	Purchased a truck for $8,000. A down payment of $3,000 was made, with the balance on account.
July 5	Paid $1,200 to cover rent from July 1 through September 30.
July 7	Purchased $2,000 of supplies on account.
July 10	Billed customers for consulting services performed, $3,700.
July 14	Paid $500 toward the amount owed for the supplies purchased on July 7.
July 15	Paid $1750 in cash for employee wages.
July 19	Collected $1600 in cash from customers that were billed on July 10.
July 21	Received $4,200 cash from customers for services performed.
July 31	Paid $350 in cash for truck repairs.
July 31	Declared and Paid $700 in cash dividends.

a) One month's rent has expired
b) The remaining inventory of supplies is $600.
c) The estimated depreciation on equipment is $100.
d) The estimated income taxes are $1,200.

Prepare the closing entries at July 31 in the General Journal below.
		General Journal
Date	Description (Account Name)			Debit	Credit