On July 1, 2018, Sarah Smith created a new self-storage business, StaySafe Co. The following transactions occurred during the company's first month. July 1 Smith invested $20,000 cash and buildings worth $120,000 in the company. 2 The company rented equipment by paying $1,800 cash for the first month's (July) rent.. 3 The company purchased $2,300 of office supplies for cash. 4 The company paid $5,400 cash for the premium on a 12-month insurance policy. 14 The company paid an employee $900 cash for two weeks' salary earned. 24 The company collected $8,800 cash for storage fees from customers. 28 The company paid $900 cash for two weeks' salary earned by an employee. 29 The company paid $850 cash for minor repairs to a leaking roof. 30 The company paid $300 cash for this month's telephone bill. 31 Smith withdrew $1,600 cash from the company for personal use. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 173 Buildings 174 Accumulated Depreciation-Buildings 209 Salaries Payable 301 S. Smith, Capital 302 S. Smith, Withdrawals Required 401 Fees Earned 606 Depreciation Expense-Buildings 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Income Summary 1. Prepare journal entries to record the transactions for July and post them to the ledger accounts. 2. Prepare an unadjusted trial balance as of July 31. 3. Use the following information to journalize and post adjusting entries for the month: a. One-month insurance coverage has expired. b. At the end of the month, $1,550 of office supplies are still available. c. This month's depreciation on the buildings is $1,200. d. An employee earned $180 of unpaid and unrecorded salary as of month-end. e. The company earned $950 of storage fees that are not yet billed at month-end. 4. Prepare an adjusted trial balance. 5. Prepare the income statement and the statement of owner's equity for the month of July and the balance sheet at July 31, 2018. Submit the adjusted trial balance, Income statement, and balance sheet