List of activities that occurred during the month of July $2020,$ use the T$-$accounts below to journalize the transactions:

June $1$st$,2020$ was the first day of operations for the company

$1)$ Was paid $$500$ by customer to advertise their services in our monthly magazine

$2)$ Received $$1,000$ to perform a mind reading for Josefina Martinez in August $2020$

$3)$ Mrs$.$ Smith contracted us to communicate with her deceased doggie "Juancho" for $$500.$ She told Juancho that she loved him very much and told us that she will pay us in August even though we already performed the service.

$4)$ Paid for a whole year of Insurance for $$1,200($$$100$ a month$).$ The terms of the contract are from July $1$st $2020$ to June $30$th $2021.($Hint $-$ this requires $2$ Journal entries..$\mathrm{.}1$ for the year, and $1$ for the month of July$).$

$5)$ Received $$800$ for a home purification $-$ expelled evil spirits from the home of Mr$.$ Sanchez....evil spirits that were left by his ex$-$wife as a curse...the procedure was performed in July and the cash was received at the time of the procedure. Ex$-$wife curses are extremely dangerous.

$6)$ Bought a palm reading card set from $"$La Casa de los Trucos" for $$100$ on account $($book to office supplies asset$)$

$7)$ Received $$300$ for a palm reading performed in May $2020.$

$8)$ Paid rent of $$600$

$9)$ Paid Dividends of $$1,800$

$10)$ Received $$1,200$ cash from a customer, of which $$600$ pertains to a job to be performed during Halloween and $$600$ for pass life memory

regression therapy that occurred during this year's April Fools.

$11)$ Paid Advertising expense of $$720$

$-$ With the following information above, Create a T Sheet.

$-$For the $2$ month ending july $31,2020,$ What is the revenue$($fees earned$).$ Less expenses, and Net Income?

$-$For the $2$nd month ending July $31,2021$

What are the Beggining Retained Earnings, Add Net income, Less dividents, ending retained earnings.

$-$As of July $31,2020$

what are the assets $($ cash A$/$R$,$ prepaid insurance, office supplies, office equipment$)$

TOTAL ASSETS:

Liabilities $($ A$/$P$,$ bank loan payable, deferred revenue$)$

Owners equity$($ common sotck, retained earnings$)$

TOTAL LIABILITIES & OWNERS EQUITY: