July

22: Paid

$900

on account.

Date			Accounts	Debit	Credit
Jul. 22

July

28: The business received a bill for advertising in the daily newspaper to be paid in

August,

$300.

Date			Accounts	Debit	Credit
Jul. 28

July

31

(a): Revenues earned during the month included

$6,700

cash and

$5,300

on account. Record as a compound entry.

Date	Accounts	Debit	Credit
Jul. 31 (a)

July

31

(b): Paid employees' salaries

$2,500,

office rent

$700,

and utilities

$350.

Record these entries as a compound entry.

Date	Accounts	Debit	Credit
Jul. 31 (b)

July

31

(c): The business received

$1,390

for medical screening services to be performed next month.

Date			Accounts	Debit	Credit
Jul. 31 (c)

July

31

(d): Paid cash dividends of

$6,800.

Date			Accounts	Debit	Credit
Jul. 31 (d)

Requirement 2. Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account

Bal.

(Identify the

July

31

transactions as "a" - 'd" as they are labeled in the journal entry tables.)