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which was to be linown as Diamond Consuling, on a fuefirne basis. Diamond entered into the following irsnsactons dirno dief Jul 1 The folowng assets were received from steffy Lopez in exchange for cemmon sock canh $1),000, account recevable, $20.000, subplies, $3,000, and office eeuiament, 87,000 There were no liablites toceived 1 Paid two months ' tent on a teaale rental contract, $4,800 2 Paid the premums on property and cazuaity insurance peicies. 54,500 . 4 Received cash from clients as an advance payment for services to be provided, and recorded it as unearned fees, $5,000 5 Purchased additienat office equiprment on account from Orice Station Co. 55,500 . 6 Received cash from clients on account, $15,100. 10 Paid cash for a newspaper advertisement, $400. 12 Paid Ottice Station Co. for nart of the debt incurred on Jut 5,$5,200 12 Recorded services provided on account for the period july 112,513,300 14 Paid receptionist for two weeks' salary, $1,800. fecord the followng fransincfinss on Foge 2 of the purna! 18 Paid cash for bupqies, 5000 20 Recarded services provided an account for the peried July 13-20, 45,0\%0 24 Fecorded cash from Cash cients tor tees karned for fie peried bay 17-24, 35,000 ? 20 Heceived cash tiom chents an accoart, 312,060 27 Paid fecostionest for fore weeks salary, 51,800 29 Paid telejonone bill for suly. $300 31 Paid electucily bill for July, 5675. 31 Fecorded cash from casti cients for fees sarned foc the piniod hay 25-31, 5.000 31 Hecorded services provided on account tor tie remainger of Juy, \$3,000 31. Pand devidendo, 512,500 Fequired: 3. Prepars an unactusfed tral balance 4. Af the end of ikin the foiouing adustment dafa were assembed Anayze and use these cora fo campinte reguremerts (5) and (0) (a) bourance expend durng Jey is 5073 . (b) Sualies on hand on Juy at aie $1,500 (c) Depreciation of antice equpnent for Jay is $780. (d) Accrued receptianiaf salary an iuly 3 is stso (e) Rent oxpired during voly is $2,400. (7) Uneamed yoes on July 3 tave $2,900 5. Optionap on your own paper or sareadsheet, enter the unadusted trar balance on an endof period won sneer and campent the work ahect. 6. A. downakze the odusting enthes on page 3 of the jownal. Adusting entres are recorded on Juy 31 . B. Post the aduating entres, mserting baiances in the accounta altected 7. Prepare an acjushed tral baiance 9: A. Propare an income safement for the montm endid july 31,20Y2 B. Prepare a statement of stock olders' equfy for the montti ended uly 31,2012 C. Fropare a beiance sheet as of 10y31,20Y2. 9 A journalize the closmosenthes on pege 4 of the journal B. Post the closing entrics, inserong balances in the accounfs alfected 10. Propare a post-cibsing that holance Qoertion naf arremiored. Account: Accounts layable Account! Sacaries Payabie Acoount thearied fees Account Common stock Account: hetained Enrinings 1 - Account: insurance Expense. Unadjusted Trial Balance \begin{tabular}{|l|l|} \hline 10 Unearned Fees \\ \hline 11 Common Stock \\ \hline \end{tabular} 12 Retained Earnings 13 Dividends 14 Fees Earned 15 Salary Expense 16 Rent Expense 17 Supplies Expense 18 Depreciation Expense 19 Insurance Expense 20 Miscellaneous Expense 21 Totals irn/takeAssignment/takeAssignmentMain.do?invoker=\&takeAssignmentSessionLocator=\&inpror Print litem Complete accounting cycle \begin{tabular}{|l|l|} \hline Adjusted Trial Balan \\ \hline \& Accounts Payable \\ \hline Salaries Payable \\ \hline \end{tabular} 10 Unearned Fees 11 Common Stock 12 Retained Earnings 13 Dividends 14 Fees Earned 15 Salary Expense 16 Rent Expense 17 Supplies Expense 18 Depreciation Expense 19 Insurance Expense 20 Miscellaneous Expense 21 Totals Points: 0/21 6 A. Prepare an income statement for the month ended July 31,20y2. Income Statement Instructions 88. Prepare a stafement of stockholders' equity for the month ended Juty 31,20y2 Balance Sheet Question not attempted. \begin{tabular}{|l|l} \hline \\ \hline 1 & Question not actempted. \\ \hline 2 & (label) \\ \hline 3 & Assets \\ \hline 4 & \\ \hline 5 & \end{tabular} Balance Sheet Question not attempted. which was to be linown as Diamond Consuling, on a fuefirne basis. Diamond entered into the following irsnsactons dirno dief Jul 1 The folowng assets were received from steffy Lopez in exchange for cemmon sock canh $1),000, account recevable, $20.000, subplies, $3,000, and office eeuiament, 87,000 There were no liablites toceived 1 Paid two months ' tent on a teaale rental contract, $4,800 2 Paid the premums on property and cazuaity insurance peicies. 54,500 . 4 Received cash from clients as an advance payment for services to be provided, and recorded it as unearned fees, $5,000 5 Purchased additienat office equiprment on account from Orice Station Co. 55,500 . 6 Received cash from clients on account, $15,100. 10 Paid cash for a newspaper advertisement, $400. 12 Paid Ottice Station Co. for nart of the debt incurred on Jut 5,$5,200 12 Recorded services provided on account for the period july 112,513,300 14 Paid receptionist for two weeks' salary, $1,800. fecord the followng fransincfinss on Foge 2 of the purna! 18 Paid cash for bupqies, 5000 20 Recarded services provided an account for the peried July 13-20, 45,0\%0 24 Fecorded cash from Cash cients tor tees karned for fie peried bay 17-24, 35,000 ? 20 Heceived cash tiom chents an accoart, 312,060 27 Paid fecostionest for fore weeks salary, 51,800 29 Paid telejonone bill for suly. $300 31 Paid electucily bill for July, 5675. 31 Fecorded cash from casti cients for fees sarned foc the piniod hay 25-31, 5.000 31 Hecorded services provided on account tor tie remainger of Juy, \$3,000 31. Pand devidendo, 512,500 Fequired: 3. Prepars an unactusfed tral balance 4. Af the end of ikin the foiouing adustment dafa were assembed Anayze and use these cora fo campinte reguremerts (5) and (0) (a) bourance expend durng Jey is 5073 . (b) Sualies on hand on Juy at aie $1,500 (c) Depreciation of antice equpnent for Jay is $780. (d) Accrued receptianiaf salary an iuly 3 is stso (e) Rent oxpired during voly is $2,400. (7) Uneamed yoes on July 3 tave $2,900 5. Optionap on your own paper or sareadsheet, enter the unadusted trar balance on an endof period won sneer and campent the work ahect. 6. A. downakze the odusting enthes on page 3 of the jownal. Adusting entres are recorded on Juy 31 . B. Post the aduating entres, mserting baiances in the accounta altected 7. Prepare an acjushed tral baiance 9: A. Propare an income safement for the montm endid july 31,20Y2 B. Prepare a statement of stock olders' equfy for the montti ended uly 31,2012 C. Fropare a beiance sheet as of 10y31,20Y2. 9 A journalize the closmosenthes on pege 4 of the journal B. Post the closing entrics, inserong balances in the accounfs alfected 10. Propare a post-cibsing that holance Qoertion naf arremiored. Account: Accounts layable Account! Sacaries Payabie Acoount thearied fees Account Common stock Account: hetained Enrinings 1 - Account: insurance Expense. Unadjusted Trial Balance \begin{tabular}{|l|l|} \hline 10 Unearned Fees \\ \hline 11 Common Stock \\ \hline \end{tabular} 12 Retained Earnings 13 Dividends 14 Fees Earned 15 Salary Expense 16 Rent Expense 17 Supplies Expense 18 Depreciation Expense 19 Insurance Expense 20 Miscellaneous Expense 21 Totals irn/takeAssignment/takeAssignmentMain.do?invoker=\&takeAssignmentSessionLocator=\&inpror Print litem Complete accounting cycle \begin{tabular}{|l|l|} \hline Adjusted Trial Balan \\ \hline \& Accounts Payable \\ \hline Salaries Payable \\ \hline \end{tabular} 10 Unearned Fees 11 Common Stock 12 Retained Earnings 13 Dividends 14 Fees Earned 15 Salary Expense 16 Rent Expense 17 Supplies Expense 18 Depreciation Expense 19 Insurance Expense 20 Miscellaneous Expense 21 Totals Points: 0/21 6 A. Prepare an income statement for the month ended July 31,20y2. Income Statement Instructions 88. Prepare a stafement of stockholders' equity for the month ended Juty 31,20y2 Balance Sheet Question not attempted. \begin{tabular}{|l|l} \hline \\ \hline 1 & Question not actempted. \\ \hline 2 & (label) \\ \hline 3 & Assets \\ \hline 4 & \\ \hline 5 & \end{tabular} Balance Sheet Question not attempted