July Purchased equipment, paying $4,000 cash and signing a 2 -year note payable for $20,000. The equipment has a 4 vear 1 uscfull life. The note has a 6% interest rate, which is payable on the first day of each following month. 2 Issued 20,000 shares of common stock for $50,000 cash. 3 Paid \$3,600 cash for a 12-month insurance policy effective July 1. 3 Paid the first 2 months' rent (July and August 2027 ) for an annual lease of office space for $4,000 per month. 6 Paid $4,100 for supplies. 9 Visited client olfices and agreed on the terms of a consulting project. Bridgeport will bill the client, tonnor Productions, on the 20th of each month for services performed. 10 Collected $1.160 cash on account from Milani Brothers. This client was billed in June when Bridgeport performed the service. 13 Performed services for Fitzgerald Enterprises. This client paid $1,190 in advance last month. All services relating to this payment are now completed. 14 Paid $390 cash for a utility bill. This related to June utilities that were accrued at the end of June. 16 Met with a new client. Thunder Bay Technologies. Received $11,000 cash in advance for future services to be performed. 18 Paid semi-monthly salaries for $12,100 20 Performed services worth $29,000 on account and bilied customers. 20 Received a bill for $2,300 for advertising services recelved during fuly, The amount is not due until August 15. 23 Performed the first phase of the project for Thunder Bay Technologles, Recognized $9,100 of revenue from the cash advance received July 16. 27 Recelved $14,300 cash from cantonvers billed on July 20 At June 30,2027 , the end of its most recent fiscal year, Bridgeport Computer Consultants post-closing trial balance was as foliows: The compamy underwent a major cxpansion in July. New staff was hired and more haancing was obtained, Briffecpot conducted the following transactions during fuly 2027 , and ad/usts its accounts monthly. Journalize the July transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manualiy. If no entry is required, select 'No Entry' for the account titles and enter 0 for the amounts. Record joumal entries in the order presented in the problem. Uist all debit entries before credit entries)