On July 1, 2010, ABC co. had a cash balance of $10 000. During July the following summary transactions were completed. 5. 6. 1. Received $1,200 cash from customers on account. 2. Received $2,400 cash for services performed in July. 3. Purchased store equipment on account $3,000. 4. Paid cash $ 2000 for a one - year insurance policy. Purchased supplies on account $1,200. Paid creditors $4,400 on account. 7. Performed services on account and billed customers for services provided $1,500. 8. Signed a contract with Alex company to buy furniture of $2 000 next month. Received $800 from customers for future service. 10. Paid salaries of $ 5 000. Required: 9. (a) Journalize the transactions. (b) Post to the cash ledger account